Britain's independent climate advisers, the Committee on Climate Change, last month said that the country should move to the new target, which would require more renewable electricity generation and could require the phasing out of new petrol and diesel cars by at least 2035. Prime Minister Theresa May said reducing pollution would also benefit public health and cut NHS costs.
"Standing by is not an option", May said in a statement from her office in London on Tuesday evening.
The UK Green Building Council (UKGBC) has today reacted to the Prime Minister's announcement that Government will tomorrow lay a statutory instrument before Parliament that will amend the Climate Change Act and introduce a legally-binding net zero emission target for 2050. However, the Government plans to perform a review in five years to see if other countries are also taking similar action to ensure that United Kingdom industries don't face unfair competition, echoing a concern raised by Hammond. The chair of Green Christian, Paul Bodenham, said that the United Kingdom should be aiming to reach net zero within six years: "If the United Kingdom is serious about worldwide leadership, we must acknowledge the debt our country owes to poorer nations and to the young and unborn".
For the first time, young people will have the chance to shape our future climate policy through the Youth Steering Group.
"Our report concluded that Net Zero is necessary, feasible and cost effective".
However the government has moved to confirm that a review will be conducted within five years of the target being set to confirm that other nations are taking similarly ambitious actions in a bid to ensure United Kingdom industries do not face "unfair competition". Fiddling the figures would put a huge dent in our ability to avoid catastrophic climate change - and the Government's credibility for taking this issue seriously.
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The UK is already a centre for clean growth and innovation. Hence it would be ideal for Britain to take the lead.
The review also found that global energy demand grew by 2.8 percent, with the United States recording the biggest increase of any country. "The technology and approaches that will deliver net zero are now understood, which is crucial, but will need strong policy leadership to ensure they are implemented. There is no time to lose, now is the time to act".
The Welsh Government has also announced that it intends to meet the net zero by 2050 target, even though the CCC only recommended 95% reductions for Wales as its large agricultural sector will be hard to decarbonise.
She said: "This legislation is the right response to the global climate crisis, and firms are ready to play their part in combating it".
It also said it would retain its ability to use global carbon credits to help to meet the target. Climate leadership can drive United Kingdom competitiveness and secure long-term prosperity but the legislation must be followed by a commitment to long-term policies that support decarbonisation across the economy. As the birthplace of the industrial revolution, it is right that the United Kingdom is the world's first major economy to commit to completely end its contribution to climate change, but trying to shift the burden to developing nations through International Carbon Credits undermines that commitment. "Christians and people of all faiths have long called for action on climate change to both preserve the natural world on which we all rely, and to protect God's creation for generations to come".