The UK government has announced it will set the world’s most ambitious climate change target into law to reduce emissions by 78% by 2035 compared to 1990 levels.
In line with the recommendation from the independent Climate Change Committee, this sixth Carbon Budget limits the volume of greenhouse gases emitted over a 5-year period from 2033 to 2037, taking the UK more than three-quarters of the way to reaching net zero by 2050. The Carbon Budget will ensure Britain remains on track to end its contribution to climate change while remaining consistent with the Paris Agreement temperature goal to limit global warming to well below 2°C and pursue efforts towards 1.5°C.
For the first time, this Carbon Budget will incorporate the UK’s share of international aviation and shipping emissions – an important part of the government’s decarbonisation efforts that will allow for these emissions to be accounted for consistently.
The government is already working towards its commitment to reduce emissions in 2030 by at least 68% compared to 1990 levels through the UK’s latest Nationally Determined Contribution - the highest reduction target made by a major economy to date.
The new target will become enshrined in law by the end of June 2021.
Prime Minister Boris Johnson said:
“We want to continue to raise the bar on tackling climate change, and that’s why we’re setting the most ambitious target to cut emissions in the world. The UK will be home to pioneering businesses, new technologies and green innovation as we make progress to net zero emissions, laying the foundations for decades of economic growth in a way that creates thousands of jobs. We want to see world leaders follow our lead and match our ambition in the run up to the crucial climate summit COP26, as we will only build back greener and protect our planet if we come together to take action.”
Business and Energy Secretary Kwasi Kwarteng said:
“The UK is leading the world in tackling climate change and today’s announcement means our low carbon future is now in sight. The targets we’ve set ourselves in the sixth Carbon Budget will see us go further and faster than any other major economy to achieve a completely carbon neutral future.This latest target shows the world that the UK is serious about protecting the health of our planet, while also seizing the new economic opportunities it will bring and capitalising on green technologies – yet another step as we build back greener from the pandemic we lead the world towards a cleaner, more prosperous future for this generation and those to come.”
The UK over-achieved against its first and second Carbon Budgets and is on track to outperform the third Carbon Budget which ends in 2022. This is due to significant cuts in greenhouse gases across the economy and industry, with the UK bringing emissions down 44% overall between 1990 and 2019, and two-thirds in the power sector.
Moreover, the UK continues to break records in renewable electricity generation, which has more than quadrupled since 2010 while low carbon electricity overall now gives us over 50% of our total generation.
Prior to enshrining its net zero commitment in law, the UK had a target of reducing emissions by 80% by 2050 – through today’s sixth Carbon Budget announcement, the government is aiming to achieve almost the same level 15 years earlier.
Through its presidency of the crucial UN climate summit, COP26, which will take place in Glasgow later this year, the UK is urging countries and companies around the world to join the UK in delivering net zero globally by the middle of the century and set ambitious targets for cutting emissions by 2030.
The government will look to meet this reduction target through investing and capitalising on new green technologies and innovation, whilst maintaining people’s freedom of choice, including on their diet. That is why the government’s sixth Carbon Budget of 78% is based on its own analysis and does not follow each of the Climate Change Committee’s specific policy recommendations.
The UK is bringing forward bold blueprints setting out its own vision for transitioning to a net zero economy and how the government can support the public in transitioning to low carbon technologies, including publishing the Heating and Building Strategy and Transport Decarbonisation Plan later this Spring.
The cross-government Net Zero Strategy will also be published ahead of COP26.
Government analysis finds that costs of action on climate change are outweighed by the significant benefits – reducing polluting emissions, as well as bringing fuel savings, improvements to air quality and enhancing biodiversity. The government expects the costs of meeting net zero to continue to fall as green technology advances, industries decarbonise and private sector investment grows.
HM Treasury will publish its Net Zero Review in the coming months setting out how government plans to maximise economic growth opportunities from the net zero transition while ensuring contributions are fair between consumers, businesses and the British taxpayer.