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Government’s bold leadership on carbon reduction will secure more investment in British renewables

30 June 2016   (0 Comments)
Posted by: Adam Wentworth
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RenewableUK says today’s announcement that the Government has approved an ambitious Carbon Budget out to 2032 underlines that there is a strong UK framework for continued investment in renewables.

Ministers have announced they will enact the 5th Carbon Budget, cutting greenhouse gas emissions by 57% compared to 1990 levels, during the period 2028 to 2032, as recommended by the Committee on Climate Change.

RenewableUK’s Chief Executive, Hugh McNeal, said:

“This Government is global leader in tackling climate change. Today’s announcement is especially welcome given the uncertainty caused by last week’s referendum. It’s a clear signal that the UK will continue to show bold leadership on carbon reduction. This will allow investment to continue to flow into renewable energy projects throughout the UK”.

The latest carbon budget sets the UK on course to ensuring it meets its legally binding target of reducing carbon emissions by 80% by 2050 compared to 1990 levels. Its predecessor, the 4th Carbon Budget, covering 2023 to 2027, set out a 52% reduction.

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Notes:

  1.  RenewableUK is the trade and professional body for the UK wind and marine renewables industries. Formed in 1978, and with more than 425 corporate members, RenewableUK is the leading renewable energy trade association in the UK.
  2. The Department of Energy and Climate Change’s announcement
  3. The Committee on Climate Change’s recommendations

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