Fourth carbon budget agreed

The government has set an ambitious 50% reduction target relative to 1990 for the fourth carbon budget. But a 2014 review could undermine green investor confidence

The government has accepted a key recommendation from the advisory Committee on Climate Change (CCC) that the UK must cut greenhouse gas emissions by 50% relative to 1990 by 2027 (ENDS Report 431, pp 12-13).1

The endorsement, albeit heavily qualified, sets out a low-carbon pathway for the next two decades and confirms the UK’s world lead on climate policy.

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