Contrary to the opinion of many, the UK has led by example in many ways. We were the first major economy in the world to pass laws to end our contribution to global warming by 2050 and to announce an ambitious plan for a green revolution. This means the UK has progressively been working towards a strategy for net zero to lead the world in response to the climate emergency while turning this mission into the greatest opportunity for jobs and prosperity for our country.
The UK has already taken bold steps towards net-zero, including bringing forward the end of new petrol and diesel car sales to 2030, announcing a ban on halogen lights, and working towards hydrogen and renewable energy. We have committed over £12bn of domestic green investment since March 2020, shown progress in the installation of heat pumps, and have doubled our International Climate Finance commitment to £11.6bn between 2021-2025.
Undoubtedly, changes are underway, and progress is being made. But we cannot be complacent and need to capitalise on the strengths that the country has to offer. This means deriving a competitive advantage from services, research & development, innovation, a skilled workforce, world-class universities and research institutes. So, what more can be done?