Today is the 10 year anniversary of the Climate Change Act, and we have a lot to celebrate. We have led the world in reducing our emissions, whilst still growing the economy - but if we want to meet our Paris commitments to keep global warming under 2°C, then we need to go beyond the 80% reduction outlined in the Climate Change Act and reach for Net Zero. On a day when we celebrate our legacy in fighting climate change, we should also pledge to lead the world and end our contribution to global emissions altogether.
Since 1990, we have reduced our emissions by over two-fifths while growing the economy by more than two-thirds. This is a world leading achievement that we should be proud of, with our Climate Change Act creating and supporting the pathways to this result. Our record of clean growth has also seen the creation of industries like offshore wind, which overcame all obstacles and critics to reduce its cost by 50% in just five years. This is the legacy of clean technologies, led by British industry and creating British jobs.
While this record is impressive, there is a real opportunity for us to go even further, and indeed we should do so if we aim to meet our 2°C Paris pledges. The IPCC report was clear that keeping global warming under 2°C means going beyond the 80% emissions reduction outlined in the Climate Change Act. It was also clear about the impacts of missing the 2°C goal, and the devastating impact it would have on the likelihood and severity of flooding, and so on. As Michael Howard wrote, ‘it has never been a Conservative value to be ‘anti-science’. When climate scientists speak, we should listen’.
It wasn’t that long ago that reaching net zero emissions would have seemed like a pipe dream, particularly to Conservatives and even to some scientists. Yet our businesses have more than risen to that challenge, with the offshore wind industry as a prime example. Others in the transport sector have also made innovative strides, and now over their lifetime electric vehicles are even cheaper than their fossil fuel guzzling counterparts. This is again, the legacy of the Climate Change Act, setting clear expectations for industry and asking them to plan accordingly. Giving them the incentives to innovate, as they have done.
A pledge to go net zero would take this a step further, and offer the same opportunity for the market to succeed. Giving business certainty and clarity is vital, and they can respond by continuing to bring down costs in a variety of ways. A recent optimistic report from WWF and Vivid Economics looked at the possibilities of going Net Zero by 2045, and what we would need to do to reach this.
As Michael Howard also wrote, ‘we are cleaner and greener than a generation ago’. I hope that the next generation will be cleaner and greener still. In ten years’ time, on the 20th anniversary of the Climate Change Act, we can be well on our way to a world in which we don’t contribute at all to global emissions - a world where we are truly tackling climate change and leading the world in doing so. That would certainly be a record to be proud of, just as we can be proud today of what we have achieved so far