Billions needed to meet climate targets

Load Error The UK will need investment worth billions of pounds every year to remove enough greenhouse gases from the air to meet its 2050 climate targets, according to a report commissioned by the government. “Even if emissions are reduced aggressively across the economy, the UK is expected to continue to emit a significant amount of greenhouse gases annually,” the report said. “The rate of rollout will need to be rapid, particularly in the 2030s and 2040s, and will require significant policy support.” The report has urged ministers to consider supporting investment in greenhouse gas removal. A spokesman for the Department for Business, Energy and Industrial Strategy said: “This report presents a variety of different options for consideration, and we will look closely at its findings. Biomass is considered by the UK and EU governments to be carbon-neutral because the pellets are made from sustainably farmed trees which absorb carbon emissions while they grow.