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Britain sets 87% emissions reduction target for 2038-2042 period
The target builds on clean energy investment and could support more than 1 million net zero jobs, officials and industry groups said.
On Tuesday, Energy Secretary Ed Miliband announced the British government's proposed seventh Carbon Budget, targeting an approximately 87% emissions reduction for 2038–2042 versus 1990 levels.
Accelerating the shift to clean energy shields families and businesses from fossil fuel price shocks, a strategy the government adopted after the UK experienced its second energy crisis in five years.
An independent report found the net zero economy now supports over one million jobs in Britain, contributing £105 billion in gross value added to the economy during 2025 alone.
The Environmental Audit Committee and the Climate Change Committee have backed the target, while officials said a delivery plan will follow once Parliament approves the budget.
Peatland restoration and woodland planting aim to deliver approximately £50 billion in nature benefits by 2050, aligning with the Paris Agreement goal of limiting global warming to 1.5 degrees Celsius.