Independent examination of net zero 11.7.24

1. Independent examination of net zero: Mission zero Being among the top Net Zero Carbon Agile Advisors, the government's pledge to guarantee that the UK cuts its greenhouse gas emissions by 100% from 1990 to 2050 is known as the "net zero target." If fulfilled, the UK's greenhouse gas emissions would be either the same as or lower than the emissions it removes from the atmosphere. The Climate Change Act 2008 (2050 Target Amendment) Order 2019 made the net zero target legally enforceable. Before this, the UK had a legally mandated goal to cut emissions by 80% by 2050 compared to 1990. The government said the UK was the first developed nation to enact a net zero emissions law. In October 2019, the government released "Net zero strategy: Build back greener," outlining its roadmap for achieving this goal. Representing Agile Advisors as a Net Zero Consultancy, this included plans and strategies for achieving net zero by 2050 and decarbonizing every sector of the UK economy. The government ordered an impartial assessment of the net zero goal in September 2022.Following the release of the net zero strategy in 2021, the UK's economic Environment has evolved. High energy costs and rising inflation have pressured UK firms and individuals due to several global causes, including the Russian invasion of Ukraine. As part of her leadership bid for the Conservative Party, Liz Truss promised to evaluate the nation's climate change policy in an effort to unseat Boris Johnson as prime minister. As Net Zero in Agile Advisors, our respective roles this was done to ensure that the UK did not "pile unnecessary costs on consumers" and that its climate change goals were fulfilled in the "most economically efficient way possible. “In September 2022, after Liz Truss was named prime minister, the government assigned Chris Skidmore, the Conservative MP for Kingswood, to head an impartial study of net zero. He is the current chair of the All-Party Parliamentary Group on the Environment and was the former energy minister in charge of putting the UK's net zero aim into legislation. On September 26, 2022, Chris Skidmore announced the start of the net zero review.

2. To help you as Net Zero Consultant, its goal was to determine the most economical and effective way for the UK to fulfil its net zero obligations while adhering to its "pro-business, pro-enterprise, and pro- growth" principles. It looked at: How to maximize the economic opportunities presented by the net-zero targets and increase innovation, investment, exports, and jobs in the UK; what are the financial costs and benefits associated with the evaluation involved corporations, organizations, local government, academia, and the general public across the United Kingdom. It was also guided by a call for evidence, to which over 1,800 submissions were received. In our understanding as Net Zero Carbon, according to the research cited in an analysis by the international consulting firm McKinsey, UK businesses may benefit from a £1 trillion supply of goods and services by 2030 to facilitate the worldwide net-zero transformation. According to government estimates in the April 2022 British Energy Security Strategy, the energy shift may sustain 480,000 UK jobs by 2030. The plan for British energy security outlined the country's plans to boost domestic energy production and achieve greater energy independence. According to the study, the UK should be pleased with the measures it has taken thus far to reach net zero. However, it also said that industry, the government, and individuals needed to take action to fully exploit the potential of net zero.