The transition to net zero requires transformational change in how we live our lives - from how we consume electricity, to the work we do and objects we use. To ensure this change is successful and maximises economic growth for the UK, we need to get the basics right and move at pace to keep up with the rest of the world.

This Review has heard that there are foundational barriers to building the infrastructure, unlocking the private investment, and forging the global partnerships required to unlock net zero. Addressing these requires key cross-cutting measures, built on four principles: certainty, continuity, clarity, and consistency.

Key recommendations:

1.  Conduct and publish, before Autumn 2023, a review of how we should change regulation for emerging net zero technologies to enable their rapid and safe introduction, to support the net zero transition and boost growth

2.  Review how policy incentivises investment in decarbonisation, including via the tax system and capital allowances.

3.  At the next Spending Review, review options for providing longer-term certainty to a small number of major priorities for net zero - where we know that long-term policy commitment will be essential for success and provide long-term opportunities to save money.

4.  Through their update to the Green Finance Strategy, BEIS and HMT should set out a clear, robust and ambitious approach to disclosure, standard setting, and scaling up green finance - including how it will meet existing commitments to implement Sustainable Disclosure Requirements across the economy, how it will provide a clear, long-term plan for attracting capital to meet net zero ambitions, and how to maintain the UK's position as the leading green finance hub internationally and metrics for success.

5.  Publish an overarching financing strategy covering how existing and future government spending, policies, and regulation will scale up private finance to deliver the UK's net zero enabled growth and energy security ambitions. This should include setting out the role of UKIB, BBB, BII, and IPA and UKEF in the transition.