The UK has decided to aim for net zero emissions by 2050. This world leader target means that the UK Goverment will update its Clean Growth Strategy and integrate this also in its Industrial Strategy.
The Goverment has decided to increase the R&D spending to 2,4 % of the GDP by 2027 and increase the rate of R&D tax credit to 12 %. Britain is also aiming to host the COP26 in 2020 in London.
According to the net zero report,the UK will increase the use of electric cars and increase the capture of carbon from the air with new innovations.