The Government’s Net Zero Review explains the economic benefits of reaching net zero and recommends key policies that would help the UK meet this goal. A summary from Chapter Zero outlines these opportunities and recommendations, and how they are relevant to non-executive directors.
The ‘Mission Zero’ Review, published on 13 January 2023, produced by the Department for Business, Energy, and Industrial Strategy (BEIS) and Chris Skidmore, examines economic benefits of decarbonisation in the UK and sets out key steps that could help the country reach net zero.
The Review comes only 15 months after the Government published its Net Zero Strategy, which had numerous business implications summarised in our summary of what it means for non-executive directors. The Review builds upon the Strategy, aiming to inform Government plans with robust evidence in light of new social and economic challenges including the energy and cost of living crises.
After assessing the economic implications of reaching net zero, the Mission Zero Review offers 25 policy recommendations (highlighted in the online summary) for the Government to implement by 2025. The Review was independently conducted by BEIS, so the ‘25 by 2025’ recommendations may not necessarily reflect actual policy choices going forward. It nonetheless indicates potential future policies, and its independent nature means that policy recommendations may be resilient to political changes.
For non-executive directors, the Review’s strong economic case for reaching net zero may be compelling in boardrooms, and its recommendations could help business leaders understand transition risks and opportunities.
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