A major new climate policy was announced by the UK government on June 30, almost unnoticed in the Brexit aftermath. The media’s focus on Westminster backstabbing meant the country’s latest “carbon budget”, widely heralded as unambiguously good news for the environment, hasn’t had the scrutiny it deserves.
The “Fifth Carbon Budget” effectively commits the UK to reducing emissions by 57% from 1990 levels by sometime between 2028 and 2032. These budgets serve as five-year “stepping stones” towards achieving an 80% reduction of greenhouse gas emissions from 1990 levels by 2050 – the ultimate aim of the 2008 Climate Change Act. Budgets are determined years in advance to enable the required policy planning.
A 57% cut sounds great doesn’t it? The problem is that the Paris climate agreement hugely increased levels of ambition. This budget no longer ensures the UK is doing its fair share globally to prevent dangerous climate change.