3. To keep the UK on a pathway to achieving the 2050 target, the Government is obliged to set legally binding, five-year caps on emissions - carbon budgets - twelve years in advance and then to publish a report setting out policies and proposals for meeting that budget and those budgets previously set. 4. The Net Zero Strategy is the means by which we satisfy the requirements of the Act in relation to policies and proposals for meeting the current carbon budgets.³ International emissions targets