UK could exceed first three carbon budgets

Without firm emissions reduction policies in non-EU ETS sectors and greater effort on renewable energy rollout the UK could miss its first three carbon budgets, says Cambridge Econometrics

The government’s current energy and climate policies for sectors outside the EU emissions trading scheme (EU ETS) are insufficient to stop the UK missing its first three binding carbon budgets to 2022, say economists.

A study by economic forecasting group Cambridge Econometrics (CE) predicts that the UK will narrowly miss its first two budgets set under the Climate Change Act 2008 covering the periods 2008-12 and 2013-17. It will also miss the third budget for 2018-22 “by a wider margin”, says CE.

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