The UK says all government contract bidders must commit to the net zero 2050 target

© Reuters. FILE PHOTO: Smoke rises over a factory at sunset in Rugby, Britain, Feb.10, 2021. REUTERS / Matthew Childs

LONDON (Reuters) – Companies competing for UK government contracts must commit to net zero emissions by 2050 and publish their CO2 reduction plans under the new rules announced on Saturday.

The announcement, coming on World Environment Day, is in line with the government’s net-zero commitment to offset carbon emissions by removing them from the atmosphere by mid-century.

“The government spends more than £ 290 billion ($ 411.34 billion) on procurement each year. It is therefore important that we use this purchasing power to bring our economy to net zero, ”said Minister for Efficiency and Transformation Theodore Agnew.

“These measures will help make our economy greener without unduly burdening businesses, especially SMEs.”

The rules will go into effect by September and apply to all potential suppliers bidding for orders over £ 5 million per year. Anyone who does not adhere to it will be excluded from the competition.

($ 1 = 0.7050 pounds)

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