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ISBN 978-1-5286-4019-0

E02888048 03/23

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Printed in the UK by HH Global on behalf of the Controller of His Majesty¡¯s Stationery Office

Powering Up Britain ¨C The Net Zero Growth Plan

Introduction

Capitalising on green growth

Reducing Emissions across the Economy

5

8

26

Power

26

Fuel Supply and Hydrogen

36

Industry

47

Heat and buildings

57

Transport

63

Natural Resources, Waste & F-Gases

71

Greenhouse Gas Removals

77

Supporting the Transition across the Economy 82

Innovation

82

Green Finance and Investment

88

Net Zero Workforce

92

Embedding Net Zero in Government

104

Local Net Zero

109

Empowering the Public and Business to

Make Green Choices

114

International Leadership

117

Endnotes

121

3

Powering Up Britain ¨C The Net Zero Growth Plan

Introduction

4

Powering Up Britain ¨C The Net Zero Growth Plan

Introduction

Energy security and net zero are two sides of the same coin. The energy transition

and net zero are among the greatest opportunities facing this country and we are

committed to ensuring that the UK takes advantage of its early mover status. Global action

to mitigate climate change is essential to long term prosperity ¨C the overall costs and risks

of global warming to be equivalent to losing between 5% and 20% of global GDP each

year.1

After decades of reliance on imported fossil fuels, the new Department for Energy

Security and Net Zero¡¯s mission is to replace them with cheaper, cleaner, domestic

sources of energy. In response to high household energy bills resulting from Putin¡¯s

invasion of Ukraine, the government stepped in, paying around half of the average

household¡¯s energy bills over winter and around half of wholesale energy costs for some

businesses. But the way to maintain lower cost energy for everyone is to move to cleaner

and cheaper energy to protect us from volatile international energy markets, while

underpinning our clean energy transition, so the UK becomes a net zero economy by

2050. It will also help us make sure Britain has among the cheapest wholesale electricity

prices in Europe by 2035.

The UK has already made huge progress in decarbonising its economy and

decoupling emissions from economic growth. Thanks to the Climate Change Act

(2008) and Environment Act (2021), we have a strong legal framework for reaching net

zero emissions by 2050. Between 1990 and 2021, we have cut our emissions by 48%,

decarbonising faster than any other G7 country, whilst growing the economy by 65%. The

UK was also the first G7 country to sign net zero greenhouse gas emissions by 2050 into

law.

5

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