A very welcomed good news story showing the UK committing to ambitious carbon reduction targets. There is so much political uncertainty at the moment but hopefully this will give the industry a clear target that everyone can aim for. Plenty of work has to be done however. Government policies need to be in place in order to achieve these targets and to attract the investment required to make it happen. There is a long to go but at least we are heading in the right direction
UK-based renewable energy companies and associations have unanimously welcomed news that the government has set the fifth carbon budget at the recommended level, but warned of the work ahead needed to meet those targets. The UK has a target to reduce its emissions by 80% by 2050 to a 1990 baseline, which is enshrined in the Climate Change Act 2008. The government has initiated a phased approach to this target and establishes the so-called carbon budgets for certain reporting periods. Yesterday the country’s energy secretary Amber Rudd laid a draft order before parliament setting the carbon budget for the 2028-2032 period at 1,725MtCO2e; the level recommended by the Committee on Climate Change (CCC) – the government’s advisory body on climate issues - in February. That figure is representative of a 57% cut in emissions compared to 1990.