UK commits to net zero greenhouse gas emissions by 2050
The UK’s outgoing Prime Minister, Theresa May, has announced that she will put in place a new legally binding agreement for the UK to produce net zero greenhouse gas emissions by 2050. This agreement makes the UK the first G7 country to legislate for net zero emissions. All emissions produced after 2050 in the UK would be offset by absorbing an equivalent amount from the atmosphere.
The UK will undertake a review within five years to assess whether other countries are taking similar action to ensure that UK industry is not facing unfair competition.