30th June 2016
The Fifth Carbon Budget will seek to cut carbon emissions by 57% by 2032 (based on 1990 levels) and will be working towards the UK’s overall goal of cutting carbon emissions by 80% by 2050, which was set the Climate Change Act 2008. The Government is clearly recognising that the Climate Change remains to be one the most significant long-term risks to the economy and the UK will still need to be progressive and dynamic in its approach to reducing carbon emissions.
From a business perspective this announcement will reassure investors that the UK is a country where low carbon investment can flourish and as such, even in the wake of Brexit, businesses should continue to implement carbon reduction measures and prioritise low carbon initiatives.
Author: Pete Schofield, Environment Manager
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