Her Majesty's Government
Climate Impact & Sustainability Data (2021)
Reporting Period: 2021
Environmental Metrics
Total Carbon Emissions:72 Mt CO2e (2020)
ESG Focus Areas
- Climate Change
- Economic Growth
- Job Creation
- Regional Development
Environmental Achievements
- Total industry emissions have more than halved over the past 30 years
Social Achievements
- Unlocking new job opportunities through deployment of low carbon infrastructure in industrial areas
- Support the skills transition so that the current and future workforce benefit from the creation of new jobs
Governance Achievements
- The UK was the first major economy in the world to pass laws to end its contribution to global warming with our 2050 net zero target.
Climate Goals & Targets
Long-term Goals:
- Industrial emissions will need to fall by at least 90% by 2050
Medium-term Goals:
- Around 3 MtCO2 of industry emissions captured each year by 2030
Short-term Goals:
- Emissions will need to reduce by at least two-thirds by 2035
Environmental Challenges
- Many essential low carbon technologies are in earlier stages of development, and not yet deployed regularly at a commercial level.
- Low carbon manufacturing will also be more expensive for some sectors, leading to an increase in their costs, and therefore risking a reduction in their competitiveness.
- This creates a risk of “carbon leakage”, which could impact both our domestic and global climate goals.
Mitigation Strategies
- Government intervention should focus on addressing market failures or barriers to decarbonisation.
- Where decarbonisation leads to significant costs that creates carbon leakage risk, it should be supported by targeted intervention to mitigate this risk.
- Government should play a key role in delivery of large infrastructure projects for key technologies (e.g. CCUS and hydrogen networks) where there is a shared benefit and the risk or cost is too great for the private sector.
Supply Chain Management
Climate-Related Risks & Opportunities
Transition Risks
- carbon leakage