The Boris Johnson government has told companies to publish their plans to reduce carbon emissions and commit to ending greenhouse gas emissions by 2050, or lose major UK government contracts.
Companies that do not commit to so-called net-zero emissions or publish a “clear and reliable” carbon reduction plan in September will not be allowed to bid for contracts worth more than 5 million pounds ($ 7.1 million) a year, Cabinet said in a statement.
Johnson wants to position the UK as a leader in the fight against climate change as it paints a picture of Brexit in the nation, and Saturday’s announcement, set for World Environment Day, states that the government spends 290 billion pounds a year on goods that push businesses into the action of carbon.
“It is important that we use this purchasing power to help transform our economy into zero,” said Labor and Transformation Minister Theodore Agnew. “Requiring companies to report and commit to reducing carbon emissions before bidding for public service is an important part of our global approach.”
The UK is hosting a major round of United Nations climate negotiations in Glasgow in November, and Johnson has presented a series of ongoing goals to promote international and domestic action.
The UK has a legitimate commitment to ending netting by 2050, and Johnson announced interim plans to reduce it by 68% by 2030 and 78% by 2035, from 1990 levels – the most important goals for the big economy.
The announcement also added to the government’s efforts to promote business activities, after Exchequer Councilor Rishi Sunak in November said the UK would force large companies and financial institutions to report climate risks by 2025. a two-day meeting of finance ministers from the Seven Developed Countries Group which ends on Saturday.
Recent proposals require firms to publish a carbon emissions plan that explains where their emissions come from, as well as any environmental management options available to them.
They will be required to publish the so-called Scope 1 and Scope 2, which include their direct releases and those from the power they use. They will also have to include reporting on other Scope 3 releases that take their broad steps – including business travel, staff mobility, transportation, distribution, and litter.