The private sector is key to the net zero transition. Their investment and innovation will bring low carbon technology to the mass market. They will drive many of the benefits we will all experience from net zero, not least economic growth.

The UK economy is transitioning towards net zero - with businesses decarbonising and capturing new opportunities. But the Review has heard from the hundreds of businesses consulted that more is needed. In many cases, cross-cutting actions are required - on skills, energy efficiency, support for small and medium businesses, and providing a tax environment that stimulates investment. In others, we have heard of specific sectors offering great opportunity - but needing the right support to flourish.

Key recommendations

1.  Review how policy incentivises investment in decarbonisation, including via the tax system and capital allowances, by Autumn 2023.

2.  Drive forward delivery of the Green Jobs Taskforce recommendations and the commitments from the Net Zero Strategy, reporting regularly on progress starting by mid-2023.

3.  Building on the UK Business Climate Hub, BEIS to launch a 'Help to Grow Green' campaign, offering information resources and vouchers for SMEs to plan and invest in the transition by 2024.

4.  Through their update to the Green Finance Strategy, set out a clear, robust and ambitious approach to disclosure, standard setting, and scaling up green finance.Support specific sectors through a new long-term national mission on the circular economy.