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UK public contractors must commit to 2050 net zero target

Mark White by Mark White
September 30, 2021
in Procurement
0

An exhaust pipe is seen as a vehicle sitting in traffic approaches the Blackwall Tunnel, in London, Britain, November 18, 2020. REUTERS/Simon Dawson

LONDON, Sept 30 (Reuters) – All companies bidding for contracts from the British government worth more than 5 million pounds a year must commit to achieve net zero carbon emissions by 2050, it said on Thursday.

The government said Britain, which will host the COP26 climate conference later this year, would become the first country in the world to set such a target.

“Government spends 290 billion pounds ($397 billion) a year on procurement and it’s right that we use this spending power to green the economy,” Steve Barclay, minister for the cabinet office, said.

($1 = 0.7311 pounds)

Reporting by Kate Holton and Sarah Young, Editing by Paul Sandle

Our Standards: The Thomson Reuters Trust Principles.

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Mark White

Mark White

Mark White is the editor of the ProcurementNation, a Media Outlet covering supply chain and logistics issues. He joined The New York Times in 2007 as an commodities reporter, and most recently served as foreign-exchange editor in New York.

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