57% Emissions Reduction by 2030 "Required"
The Committee on Climate Change has announced today that the Government should continue on the lowest-cost path towards the legal requirement to reduce UK emissions by at least 80% in 2050 on 1990 levels, and it should commit to an emissions reduction of 57% by 2028-2032.
The fifth carbon budget marks the half-way point from the first carbon budget period (2008-2012) to 2050. The scientific evidence confirms that without action to limit warming to the globally agreed level of 2°C, climate change will pose serious risks to the UK and around the world. The UK’s contribution – as set by the 2050 target – is in keeping with, and helps to promote, wider international climate action.
The UK has made good progress to date. Emissions have reduced by 36% on 1990 levels and if current policies are effective will be down by 43-46% in 2020. In order to meet the legislated fourth carbon budget (2023-2027) emissions must fall by 52%.
The proposed fifth carbon budget continues along that trajectory, and would continue to cut emissions at lowest-cost to UK businesses and households. These are steady emissions reductions equivalent to 2% per year from 1990-2014, 3% per year from 2014-2030 and 4% per year from 2030-2050.
Find out more at: https://www.theccc.org.uk/tag/5th-carbon-budget/