Net zero should be positioned at the core of the UK’s economic model, according to a new report by think tank the Resolution Foundation and the London School of Economics.
It outlines how net zero can be placed at the centre of the UK’s economic strategy and the importance of the next decade in getting back on track with climate targets, but “doing so in a way that shares the costs and benefits of the transition fairly”.
The researchers say that "accelerated decarbonisation will be a major driver of economic change that is visible to the public as workers and consumers" and that "decarbonising our homes and surface transport, as well as in areas such as diet, aviation and industry, will be much more difficult and disruptive than decarbonising electricity generation".
They also argue that an estimated 59 per cent of remaining decarbonisation out to 2035 requires some form of societal or behaviour change, compared with just 13 per cent of that seen in the 2009-2019 period and that this "changing nature of decarbonisation, and urgency at which it is needed, will cause disruption – good and bad – across the country".
The report states that the next part of the UK’s journey to net zero will "take us from a period of setting targets to one with a focus on delivery, and this brings with it a need to assess and analyse policies that will see emissions from our cars and homes fall as quickly as those from our electricity system".
It added that it "is vital to ensure that this transition does not burden the less well-off in society with extensive disruption or reductions in living standards".