The Fifth Carbon Budget proposals by the Committee on Climate Change (CCC) have been endorsed by the UK government, the Department of Energy & Climate Change (DECC) confirmed on 30th June 2016. This includes the commitment to lower emissions by 57% by 2032, compared with 1990 levels in line with the 80% reduction by 2050 in the Climate Change Act (2008).
Ecoliving Founder, Mark Henderson, welcomed the announcement and said, “It is encouraging to see the Fifth Carbon Budget endorsed at this time of change and uncertainty and it sends a positive message to those looking to invest in renewable energy in the UK.”
“I call on the new cabinet to seize the potential for growth and job creation in the green industry by putting in place an appropriate mix of incentives and legislation. This will help to progress our transition to a clean, low carbon-economy, encourage innovation and establish the UK as a leader on climate on the way to meeting its energy targets. We have seen that the Feed-in Tariff has helped achieve an installed solar PV capacity of 10 GW in 5 years but we need to achieve the same again in just 4 years with much reduced tariffs.”
“The RHI is also an important incentive and can be improved but to achieve the fourth and fifth Carbon Budgets more is needed.”
In meeting the targets of the Fifth Carbon Budget the UK would be on track to meet the legally-binding carbon reduction targets set out in the UK’s Climate Change Act (2008), which has an 80% emissions reduction target for 2050, again compared with 1990 levels.
The UK is currently on track to outperform the Second and Third Carbon Budgets, but off track to meet the Fourth (period 2023-27) according to the CCC and requires a 50% emissions reduction.