Eon calls for ‘stricter and more urgent regulation’ to achieve net zero

Eon has warned the UK will miss its 2050 net zero emissions target if it continues on its current trajectory, describing the 2020s as the “deciding decade of change”.

The company has implored the government to take immediate action to “clarify policies, introduce stricter and more urgent regulation, and win the hearts and minds of consumers and businesses,” setting out a list of ten policy requests in a new report.

“The next decade will be critical if we are to meet 2050 targets,” said Eon UK chief executive Michael Lewis. “The decisions we take in the years between now and 2030 will determine whether we are able to gain sufficient momentum to achieve success.

“Government has shown significant commitment and the prime minister’s ten-point plan gives a sense of the scale of change needed but the pace needs to step up if we are to realise this ambition and secure the economic benefits for the UK. We must not forget this is a marathon, a 30-year ambition. We don’t have to do it all immediately, but we do have to get moving now.”

Eon cited the response of the Lord Deben when asked during a hearing of the Business, Energy and Industrial Committee last year whether the UK was making sufficient progress towards the 2050 net zero target. The chair of the Climate Change Committee said: “We are clearly not. In almost every sector we are failing . . . We have simply not done the radical things that need to be done.”

The company described the headline drives to install 600,000 heat pumps per year by 2028 and phase out the sale of new petrol and diesel vehicles by the end of the decade as “just the tip of the iceberg.”

Its full list of policy requests are as follows:

Lewis said: “If you ask people whether they want a cleaner, more sustainable future, the answer will invariably be ‘yes’. In that regard we are, as a nation, together in a shared purpose. What most people don’t know is, at our current pace, we haven’t got a hope unless government catalyses faster tangible change.”

He continued: “Net zero by 2050 is achievable. With the right investment climate, business will positively respond and bequeath a more sustainable future to our children that will secure long-term economic benefits for the country as we increasingly benefit from home grown energy production. We all have a moral responsibility to play our part to make sure we get there and address this climate crisis.”