11. The Government's Net Zero Strategy sets out the UK's decarbonisation pathway out to 2037, based on modelling on the most cost-effective net zero energy system in 2050. New analysis conducted over the course of the Review shows that this is still the right pathway and the policies outlined in the Strategy should go ahead. Delay is a significant risk. Our engagement and own analysis have shown that the benefits of decarbonisation are larger if it is done sooner.
12. We have made great progress decarbonising already with success stories in offshore wind and electric vehicles and it is essential we continue these. However, too often, we heard of problems hampering business and local areas from going as far and as fast as they want to. Whether it is lack of policy clarity, capital waiting for investible propositions, infrastructure bottlenecks, or delays in the planning system, it is clear that we need action to catalyse the deployment of clean solutions, particularly if we want British companies to capture the economic benefits.
13. This is too important to get wrong. Delivering net zero is the industrial revolution of our time - and climate change the greatest threat. Not only can the transition deliver a thriving, modern, green economy but it can materially improve people's lives. Supporting nature must be an essential part of the UK's response. A thriving natural environment is inextricably linked with protecting our climate and growing our economy.
14. Work is needed to secure the benefits and minimise costs. We are at a crossroads. We can either go further and faster in the transition, capitalising on our comparative advantages on clean technologies, our world class science base, our global leadership on financial services and the natural power reserves of the North Sea - or we can hold up our hands and say it is too difficult and watch our world-leading sectors, such as the City of London or our advanced car manufacturing, pack up and move on, taking high-skilled, high-paying jobs with them.
15. The Review's findings are unequivocal: we must grab this opportunity, there is no future economy but a green economy. And with the recommendations set out to turbocharge our approach across key industries, catalyse action in homes, community halls, and local and national government across the country, we can.