Government urged to ‘fill in the blanks’ of its ten-point plan

CBI is calling on policymakers to take action to unleash new ‘waves of green investment’

Big Zero Report 2022

Businesses have urged the government to fill in the blanks of its ten-point plan to deliver its 2050 net zero target.

The Confederation of British Industry (CBI) has today published a list of urgent moves officials need to make to power up green recovery and create a new wave of investments.

Advancing offshore wind and a clear hydrogen strategy should be on top of the government’s priorities in the coming months, says the CBI.

The body calls for legislation for a new financial model for new nuclear power and new business models for carbon capture, utilisation and storage.

The organisation calls on policymakers to publish an electric vehicle (EV) delivery plan by COP26 to underpin the 2030 phase out of internal combustion engines.

A new ambition to set seven new gigafactories by 2040 must be prioritised, according to the proposed CBI roadmap.

Government is also urged to publish a comprehensive heat and buildings strategy before the summer recess, which should mandate that after 2025, where gas boilers are installed, they should be hydrogen-ready and ban new gas boiler installations.

Tony Darker, CBI Director-General said: “We’ve got just under five months to go until the UK hosts COP26. We need to raise global ambitions and make this the boldest year of net zero action yet.

“With the world soon to be on our doorstep, now is the time for the UK to step up and make the big plays.

“Taking nothing less than unprecedented, unstoppable action in the next five months to ensure the legacy we sow in Glasgow far outlasts our leadership of COP.”

A government spokesperson said: “The UK is a world leader in the global effort to tackle climate change. We were the first major economy to legislate to end our contribution to climate change by 2050, and have just committed to a highly ambitious climate target to cut emissions by 78% by 2035 compared to 1990 levels.

“We are powering forward with the Prime Minister’s Ten Point Plan, which will mobilise £12 billion of government investment to create and support up to 250,000 highly-skilled green jobs in the UK, and attract over three times as much private sector investment by 2030”.

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