Simon Virley, UK Head of Energy & Natural Resources at KPMG, comments on net zero target.
“We welcome this move to legislate for a net zero target. Our 2019 CEO survey found that climate change is right at the top of CEO concerns. By providing a clear strategic direction, the net zero target will help businesses innovate to create the new industries and new jobs needed as we decarbonise the UK economy.
“We have already made great progress in decarbonising our power system in the UK. The rise of electric vehicles will help decarbonise our transport system. But decarbonising our heating will require a range of new technologies to be deployed and we need a proper debate with the public on how best to do this and how to minimise the costs involved. The Government should now take a lead in forming the policy frameworks that will support technological innovation and protect our environment for future generations.”