UK companies must brace for the government to deliberately disrupt or phase out business areas that are unfit for a net zero-carbon economy, according to a report.
The net zero carbon target will require sweeping changes to almost every aspect of British life, affecting our homes, food and the way we get around, as well as jobs and businesses across the board. Ministers hope there will be health benefits and improvements to the natural environment along the way, as well as helping to stave off the global climate emergency.
This marks a significant increase on earlier projections, which as recently as 2016 saw renewables meeting less than a third of demand in 2025. At the same time, there are further cuts to the outlook for gas-fired electricity generation, which is now set to drop by two-fifths over the next six years.