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<p>The Government takes its environmental responsibilities very seriously. In June
2019 the UK became the first major economy to legislate to end our net contribution
to climate change by 2050. According to analysis by PwC, the UK has decarbonised its
economy faster than any G20 country since 2000.</p><p> </p><p>Last year, the PM set
out his via his Ten Point Plan a blueprint to transition to a net zero economy whilst
levelling up the country. This announced £12 billion of government investment to create
and support up to 250,000 highly skilled green jobs in the UK, and spur over three
times as much private sector investment by 2030. Further announcements will be made
in the Government’s Net Zero Strategy, which will be published ahead of COP 26.</p><p>
</p><p>The CCC is an important advisor to the Government, advising on emissions targets
and reports to Parliament on progress made. In December 2020, the CCC published an
updated estimate of 0.5% of GDP in 2050 for the net cost of transitioning to net zero.
The Government will fulfil its statutory requirement of formally responding to the
CCC’s advice alongside the Net Zero Strategy later in the year.</p>
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