Watering down net-zero targets is a disaster for UK business – here’s why

Prime minister Rishi Sunak announced that a number of key environmental policies will be weakened or scrapped, but experts argue that would be catastrophic for green investment

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Less than two years ago, the UK was seen as a global leader in tackling the climate crisis as it hosted the United Nations’ COP26 conference. The nation’s net-zero target, the first of its type set by a major economy, was meant to be a standard for the rest of the world to aspire to. Today, it looks more like a battleground. 

Politicians have clashed over the best way to balance voters’ concerns about the economy with the duty to achieve net-zero greenhouse gas emissions by 2050. The debate – in which ministers have attacked a “twisted and dogmatic green outlook” – culminated on Tuesday (19 September) with several key commitments being watered down. 

Sunak said while he is still committed to net zero, he wants the UK to take a "better, more proportionate" approach to reaching its targets.