Question to the Department for Energy Security & Net Zero:
To ask His Majesty's Government what assessment they have made of the purpose and benefits of legally-binding climate change targets in meeting their climate change obligations and objectives; and what consideration they have given to providing (1) certainty to business and the public sector, (2) predictability to households and firms, and (3) investment incentives for low carbon and green technologies, in making their assessment.
The Climate Change Act made the UK the first country to introduce a legally binding, long-term emissions reduction target. This sets our commitment to reach net zero emissions by 2050 in law.
We are committed to our targets, and by setting carbon budgets 12 years ahead, we have given both business and the public certainty on carbon budgets. This has also provided a clear framework for the private sector to invest and innovate.
There is strong public support for climate action from Government. We will continue to work with all stakeholders including businesses, local authorities, civil society and investors to meet our net zero targets.