📢 The CCSA’s CEO Olivia Powis responds to the Conservative Party’s revised position on net zero.
This follows Party Leader Kemi Badenoch’s speech where she put forward that it would be “impossible” for the UK to reach net zero by 2050 and subsequent commentary from climate champions rebutting the change of position.
🗨️ Read Olivia’s full response👇
“Net zero by 2050 is absolutely achievable and will drive economic growth, particularly through technologies such as Carbon Capture, Utilisation and Storage (CCUS). Legislating on net zero has driven investment – and despite pressures on financing, global investment in clean energy was set to reach USD 2 trillion in 2024 almost double the amount going to fossil fuels. In 2015, the ratio of clean power to unabated fossil fuel power investments was roughly 2:1 and in 2024, this ratio was set to reach 10:1. Having a clear target galvanises action and investments in a low carbon economy, which will benefit industry, civil society and our local industrial regions.”
“Net zero is crucial not only for tackling climate change but generating economic growth. Our analysis shows that by delivering all CCUS clusters and projects across the UK, over 50,000 jobs could be generated, £26bn in private investment attracted into the UK and £94bn in GVA contributed by 2050.”
“It is through the deployment of technologies like CCUS that the UK will be able to scale up domestic energy production, safeguard our foundational industries and produce low-carbon projects for the global market, all by 2050. It has been encouraging that leading Conservative climate champions such as Rt Hon Chris Skidmore, former Energy Minster, and John Gummer, Rt Hon The Lord Deben, former Chair of the Climate Change Committee, continue to emphasise the need to stay the course on net zero. The scientific evidence is clear on why it’s needed and if the UK economy is to grow, demonstrating climate leadership in action will continue to attract significant sums of green investment.”
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