Overview

The Decarbonisation and Economic Strategy Bill aims to achieve net-zero carbon emissions in the UK by 2030 while simultaneously reducing inequality. It establishes a Green New Deal Commission to create a ten-year strategy for achieving these goals through significant economic and societal changes.

Description

The bill mandates the Secretary of State to meet decarbonisation and socio-economic equality objectives by 2030. Decarbonisation includes achieving net-zero emissions, limiting total fossil fuel CO2 emissions to 3 billion tonnes since 2022, and restoring habitats. Socio-economic equality focuses on universal access to essentials, improved well-being, and reductions in various forms of inequality.

A Green New Deal Commission will be established, responsible for creating a ten-year strategy, engaging the public, and advising the government. The strategy must address decarbonisation (e.g., retrofitting homes, transitioning from fossil fuels), habitat restoration, and socio-economic policies (e.g., jobs guarantee, public ownership models, worker rights). The bill also includes provisions for government reporting, devolved administration involvement, and funding mechanisms (including potential tax reforms and reductions in defence spending).

Government Spending

The bill states that any expenditure incurred by a Minister of the Crown or government department under this Act, and any increase in sums payable under other Acts attributable to this Act, shall be paid out of money provided by Parliament. Specific figures are not provided in the bill text.

Groups Affected

• Government: Significant changes to policy and spending across multiple departments are anticipated.
• Businesses: Industries reliant on fossil fuels face potential phase-out, while green industries could see increased investment and opportunity.
• Workers: Job creation in green sectors is envisioned, but a transition away from high-carbon industries could lead to job losses, necessitating retraining and support for affected workers.
• Households: The bill proposes widespread home energy efficiency retrofits and changes to consumption patterns (e.g., reduced meat consumption, reduced air travel).
• Devolved Administrations: The bill seeks to involve devolved administrations in the strategy's development and implementation, but does not give the Commission the power to bind their legislatures.
• Citizens: Public engagement through Citizen’s Assemblies and significant changes to various public services will have a profound impact on the daily life of the population.

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