CBI responds to Prime Minister's COP29 announcement on NDCs

Rain Newton-Smith, CBI CEO, said:

“As the world convenes at COP29 the UK has today demonstrated its international leadership credentials on climate. Setting an ambitious 2035 NDC (Nationally Determined Contributions) target to reduce emissions by 81% is a steadfast commitment to transitioning the UK to a net-zero economy, capitalising on its strengths in climate finance, institutions, and policy design that can deliver a blueprint for other countries to build on.

“Walking the walk requires a laser focus on delivery and the UK’s business community stands ready to play its part. In a world where the growth and resilience of our economies continues to be adversely tested by the impacts of energy shocks and climate events, there has never been a more opportune time for businesses and governments to work in partnership to scale up investment in climate action and develop markets in decarbonisation technologies.”