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United Kingdom

Climate targets: Finance

    • By 2027, commitment to raise total R+D investment to 2.4% of GDP.
      Finance | Target year: 2027 | Base year: 2020
      Source:

      Executive | 2020

    • By 2050, the energy innovation strategy to annually generate ¬£54 billion of business opportunities for the UK.
      Finance | Target year: 2050 | Base year: 2021
      Source:

      Executive | 2021

    • By 2025, the TCFD aligned disclosure obligations to be mandatory across UK
      Finance | Target year: 2025 | Base year: 2020
    • By 2025, TCFD will be mandatory across the economy and a significant proportion will be mandatory from 2023.
      Finance | Target year: 2025 | Base year: 2020
      Source:

      Executive | 2020

    • By 2040, £222 M to be provided for visionary STEP programmes that aim to build world's first commercially viable fusion power plant in the UK.
      Finance | Target year: 2040 | Base year: 2020
      Source:

      Executive | 2020

    • By 2027, total R&D investment to increase to 2.4% of GDP.
      Finance | Target year: 2027 | Base year: 2020
      Source:

      Executive | 2020

    • By 2030, the green home finance initiatives will improve the energy efficiency of ~2.8M homes.
      Finance | Target year: 2030 | Base year: 2020
      Source:

      Executive | 2020

    • Increases in the budget to £13,105M in 2023-24, £25,025 in 2024-5 and £29,735 in 2025-26.
      Finance | Target year: 2025
      Source:

      Legislative | 2021

    • Carbon Price Support Rates frozen at £18/T in 2022-23 and to face additional proposals over 2021.
      Finance | Target year: 2023
      Source:

      Legislative | 2021

    • $6T per year to be invested into infrastructure projects until 2030 to meet Paris Agreement and Sustainable Development Goals.
      Finance | Target year: 2030
      Source:

      Executive | 2019

    • The UK Government proposed to spend at least £5.8Bn on climate activities between 2011 and 2015.
      Finance | Target year: 2015 | Base year: 2011
      Source:

      Executive | 2019

    • The Industrial Strategy's Clean Growth Grand Challenge commits to at least halving the energy use of new buildings by 2030, and establishing the first net-zero carbon industrial cluster by 2040 and at least one low-carbon cluster by 2030.
      Finance | Target year: 2020 | Base year: 2020
      Source:

      Executive | 2019

For further analysis of the NDC, see United Kingdom country profile on ClimateWatch logo
from the Grantham Research Institute
from the Grantham Research Institute
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