IoD welcomes Net Zero Review’s ambition to secure the economic benefits of the net zero transition

Responding to the publication of Chris Skidmore MP’s independent review of net zero, Alexandra Hall-Chen, Principal Policy Advisor for Sustainability, said:

“As this report recognises, the UK is well-positioned to reap the economic benefits that will come with being a global leader in the race to net zero, but decisive government action is required to seize these opportunities.

“The interests of the business community will be best served by a managed transition marked by effective government leadership on, and commitment to, net zero. Business is on board with the necessity of the transition and is looking for guidance and leadership from government as to how to achieve it efficiently and effectively.

“As the review found, it is imperative that government reviews the incentives for business investment in net zero measures. Our proposal is that, through the introduction of a lower corporation tax rate for organisations that have achieved net zero compared to those that have not, the government could establish a clear business case for boardrooms to take action.”

Read the IoD’s proposals in full here, ‘The Green Incentive: how to put net zero at the heart of business planning‘.