We have a moral responsibility to leave our planet in a better state than we found it. That’s why we’re committing to net-zero emissions by 2050 and leading the world in green finance.

Analysis

In his speech at the COP26 summit in November 2021, Chancellor Rishi Sunak said the UK has a moral responsibility to improve the planet, reaffirmed the legally binding target of net‑zero emissions by 2050, and highlighted the UK's ambition to be a global hub for green finance. The wording in the statement is a close paraphrase of his remarks and does not add or omit material facts.

Background

The UK was the first major economy to legislate a net‑zero emissions target for 2050, a policy first introduced under the Climate Change Act 2008 and reinforced in subsequent budgets. At COP26, the UK aimed to showcase its leadership in climate policy and finance, promoting initiatives such as the Green Finance Strategy and the establishment of the Glasgow Financial Alliance for Net Zero.

Verdict summary

The quoted remarks accurately reflect Rishi Sunak's statements at COP26, including the moral framing, the net‑zero by 2050 commitment, and the claim to lead in green finance.

Sources consulted