Chris Skidmore MP has completed his independent review into net zero, calling for faster action from government to seize the opportunities of green growth.
The Review was the largest government stakeholder exercise ever conducted into net zero, with 1,800 responses from businesses across the low carbon economy, civil society, and academics. The CBI has welcomed the review, seeing it as aligned with our own position that net zero is a vital lever for economic growth, and recognising many of our own recommendations for how the UK can accelerate green growth.
Three key takeaways:
- The Skidmore Review has set out a clear and detailed case for the size of the economic opportunity of net zero, and the need to accelerate investment to avoid losing our competitive edge.
- The final document finds that “net zero is the economic opportunity of the 21st century”, with potential global market opportunity of £1 trillion by 2030 for British business.
- There are some areas the UK is particularly well positioned to take advantage of – offshore wind, carbon capture and storage (CCUS), and green finance in parti