Government confirms it will not roll over the third carbon budget surplus
Government has announcemed that it has decided that surplus greenhouse gas emissions over the last five years.
By Jess Ralston
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Responding to the Government's announcement [1] that it has decided that surplus greenhouse gas emissions over the last five years (under the third carbon budget) will not be carried forward into the next carbon budget, which follows the advice of the independent Climate Change Committee, [2] Jess Ralston, Head of Energy at the Energy & Climate Intelligence Unit (ECIU), said,
"The carbon budgets have been an excellent way of combatting politicians’ notorious short-termism, providing long-term certainty to businesses while keeping the UK on the path to cutting emissions to zero. The UK has a proud record, but recent U-turns have rattled investors.
Accepting the advice of the CCC is another example of the Climate Change Act working and means the current Government regains some leadership both internationally and domestically. Net zero is a global megatrend driving billions in investment which the UK now has to compete for if it wants a piece of the pie."
Notes to editors:
1. https://www.gov.uk/government/news/uk-overachieves-another-carbon-emissions-target-and-rejects-rollover
2. https://www.theccc.org.uk/publication/letter-advice-on-the-third-carbon-budget-carry-over/
For more information or for interview requests:
Jess Ralston, Head of Energy, ECIU, Tel: +44 (0)7972 548 503, email: jess.ralston@eciu.net