Government sets Fifth Carbon Budget
The government has unveiled legislation that will set the level of the Fifth Carbon Budget in line with the recommendations of the Committee on Climate Change (CCC). The budget, announced on Thursday 30 June, will see the UK aim to reduce its emissions by 57% by 2032, compared to 1990 levels. The CCC’s recommendations comprised emissions of 1,175MtCOe for the non-traded sector––those emissions falling outside of the EU Emissions Trading Scheme––and 590MtCOe from the traded sector. But the Labour Party criticised the government for missing its statutory deadline to formally adopt the budget before the end of June.