Climate Change Agreements: proposal for scheme extension and views on reforms for any future scheme

In June 2019, the UK became the first major economy in the world to legislate to end its contribution to global warming by 2050, increasing the ambition of our commitments to reduce greenhouse gas emissions under the Climate Change Act. Decisive action will need to be taken by all sectors to achieve the transition to a net zero world, and the Government is prepared to support the economy through this in what will be a defining period of action for our country, and indeed for our planet, on tackling climate change; leading to the UK’s hosting of COP26 in Glasgow in 2021. With 25% of UK greenhouse gas emissions coming from business, significant steps will need to be taken by the private sector to decarbonise. Incentivising energy efficiency is a powerful way of reducing carbon emissions and operating costs. Analysis conducted for the 2017 Clean Growth Strategy showed that up to £6 billion and 22MtCO2 could be saved in 2030 through investment in cost-effective energ