When the UK took on the COP26 presidency, less than 30% of the global economy was covered by a net zero target; that figure is now 80%. Under the UK’s G7 presidency, for the first time every G7 country has committed to ambitious near-term emission targets aligned with net zero by 2050. However, to keep 1.5 °C within reach, every nation, particularly the biggest emitters, has to step forward in what needs to be the decade of ambition.
The net zero strategy has committed to provide a public update every year from 2022 on progress against the delivery pathway to net zero set out in the strategy, and this will include an update on progress against the targets and ambitions that have been set out.
Waste management is a critical part of helping us to reach net zero across the planet. I was very pleased to see in the Duke of Cambridge’s Earthshot prize awards on Sunday that the Indians had a really interesting solution to the problem that ensured they could reduce their waste management and not have to burn their crops.
There is no festival better than a climate action festival. I congratulate Harrogate District Climate Change Coalition, which has brilliantly demonstrated that tackling climate change is an all-of-society endeavour bringing together business, civil society and government.
Business action is critical if the Government are to achieve the goal of reaching net zero by 2050. That is why, since the COP President-designate took on the role, he has been actively calling for business to join the race to zero—a UN-backed campaign supported by the UK Government. It requires businesses to take robust short-term action to halve global emissions by 2030 and to achieve net zero emissions as soon as possible. There are now 4,470 companies that have signed up to Race to Zero.
It was a wonderful visit and I thank the right hon. Gentleman and the community for welcoming me so heartily. All these new technologies will help us meet net zero, not just in the UK but across the world. We want to continue to see investment in them. I know that the Secretary of State for Business, Energy and Industrial Strategy, my right hon. Friend the Member for Spelthorne (Kwasi Kwarteng) will continue to champion these issues.
Reaffirmed by our 25-year environmental plan and our fisheries White Paper, the Government are committed to sustainable fishing and the principle of maximum sustainable yield. My hon. Friend will be pleased to know that we are also committed to helping industry to reduce the adverse impacts on the marine environment and to adapt to climate change.