4th Carbon Budget: Emissions to be cut by 50% by 2025 - 17 May 2011
A limit on the total amount of greenhouse gases to be emitted by the UK between 2023 to 2027 has been proposed, to cut Britain’s emissions by 50% from 1990 levels and highlighting the Government’s commitment to being the greenest government ever.
Today's proposal, set out by Chris Huhne, is in line with advice from the independent Committee on Climate Change. It sets a fourth carbon budget of 1950 MtCO2e for the period that will span from 2023 to 2027, putting the UK on course to cut emissions by at least 80% by 2050.
The carbon budget will place the British economy at the leading edge of a new global industrial transformation, and ensure low carbon energy security and decarbonisation is achieved at least cost to the consumer.
The Prime Minister said:
"When the coalition came together last year, we said we wanted this to be the greenest government ever. This is the right approach for Britain if we are to combat climate change, secure our energy supplies for the long-term and seize the economic opportunities that green industries hold."
Chris Huhne said:
"Today’s announcement will give investors the certainty they need to invest in clean energy. It puts Britain at the leading edge of a new global industrial transformation."