Net zero remains the only “feasible” path for the UK to materialise all its future ambitions.
“It’s gonna make us warmer and richer. Let’s get out and demonstrate it’s not just taxpayer money that’s gonna be funding net zero, but it’s gonna be private investment companies like yourselves that gonna be making that investment because you see the attractive opportunity of rates of return in renewable economics.
“And that’s here comes for energy efficiency as much as it does for energy supply.”
International Energy Week this year focuses on transitioning out of the geopolitical and environmental crises facing energy.
Not zero is not feasible, he said as it would lead to divestment of investment “that will simply go elsewhere to countries providing long-term energy policy stability and investment.”
Chris Skidmore added: “We led on net zero. We became the first G7 country to do so in the world. We are, uh, respected and renowned for our advanced policies on tackling climate change.
“We now have an opportunity to think ahead about how we want to retain that leadership. And ensure that we remain a leader of net zero for the future.”