• Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints
  • Business
  • Markets
  • Politics
  • Crypto
  • Finance
  • Intelligence
    • Policy Intelligence
    • Security Intelligence
    • Economic Intelligence
    • Fashion Intelligence
  • Energy
  • Technology
  • Taxes
  • Creator Economy
  • Wealth Management
  • LBNN Blueprints

CCC issues ‘unequivocal’ advice not to carry carbon budget surplus

Simon Osuji by Simon Osuji
February 28, 2024
in Energy
0
CCC issues ‘unequivocal’ advice not to carry carbon budget surplus
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter


The UK’s independent climate change advisors given “unequivocal advice” that surplus emissions should not be carried forward into the Fourth Carbon Budget.

In a letter sent to minister Graham Stuart today the Climate Change Committee (CCC) congratulated the Government for meeting its legal obligations under the Third Carbon Budget, but said surplus emissions “must not” be carried forward to provide extra room in later budgets.

The Third Carbon Budget (2018 to 2022) was met with a surplus, assisted by the economy-shrinking effects of the pandemic. The net carbon account for that period was 2,153 million tonnes of CO2e (excluding international aviation and shipping) and was reached with 391 MtCO2e spare – or around 15% of the budget, based on final 2022 emissions.

At the end of a carbon budget, the Committee must advise on the carry forward of any ‘surplus’. The CCC says its advice has always been provided “on the basis that there would be no carry-forward of surplus” and that UK’s aim should be to meet and outperform carbon budgets through strong actions to reduce emissions.

Indeed, its advice notes that any loosening via surplus would put the UK’s 2030 Nationally Determined Contribution (NDC) and the Sixth Carbon Budget “at very serious risk.”

For that reason it urges says policymakers should be “accelerating, not slowing down, emissions reductions” in all sectors outside electricity supply.

Even with current progress, the Fourth Carbon Budget will need to be “overachieved” to put the UK on a sensible pathway to the Sixth Carbon Budget and net zero by 2050.

It also cautioned that most of the surplus in the Third Carbon Budget was due to “predominantly external factors” like the pandemic and decisions on the EU Emissions Trading System (ETS), while in most sectors outside electricity supply, including transport and buildings, the UK is “not on track”.

CCC interim chairman Piers Forster said: “We congratulate the Government on meeting the latest emissions target – the Climate Change Act is working.

“But the path ahead is tougher and we risk losing momentum if future legal targets are loosened on a technicality. The UK is already substantially off track for 2030 and the Government must resist the temptation to take their foot off the accelerator.”

The letter is the latest in a series of warnings made by the CCC in recent months. In its 15th progress report to government last summer, the Committee said the UK had “lost its clear global leadership position on climate action”.

While it remained convinced the UK’s Fourth Carbon Budget could be met by the 2027 deadline, the CCC’s confidence in meeting goals from 2030 onwards was “markedly less” than a year prior.

That was later followed by Prime Minister Rishi Sunak’s rollback of key net-zero policies including in areas such as domestic heating and transport.

Meanwhile the CCC itself awaits new leadership, with CEO Chris Stark set to end his tenure at the end of April. Chief economist James Richardson will serve as interim CEO, but a replacement candidate is yet to be confirmed.

Recommended for you

uk energy prices

UK to pull out of controversial energy treaty as talks falter



Source link

Related posts

Five key questions investors should ask ahead of Dangote refinery listing

Five key questions investors should ask ahead of Dangote refinery listing

March 3, 2026
Nigeria divides controversial OPL 245 into four assets in new deal with Eni, Shell

Nigeria divides controversial OPL 245 into four assets in new deal with Eni, Shell

March 3, 2026
Previous Post

A Major ‘Stardew Valley’ Update Is Coming in March

Next Post

Burkina Faso Junta Using Forced Conscription to Silence Dissent

Next Post
Burkina Faso Junta Using Forced Conscription to Silence Dissent

Burkina Faso Junta Using Forced Conscription to Silence Dissent

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

RECOMMENDED NEWS

Heat pump firm Rendesco acquires geothermal drilling operation

Heat pump firm Rendesco acquires geothermal drilling operation

2 years ago
SAIPEC confirms first series of speakers for 10th anniversary programme – EnviroNews

SAIPEC confirms first series of speakers for 10th anniversary programme – EnviroNews

2 months ago
Polestar tackles softening EV demand with new tech and next-gen vehicles

Polestar tackles softening EV demand with new tech and next-gen vehicles

2 years ago
2 edtech stocks to school your portfolio higher

2 edtech stocks to school your portfolio higher

2 years ago

POPULAR NEWS

  • Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    Ghana to build three oil refineries, five petrochemical plants in energy sector overhaul

    0 shares
    Share 0 Tweet 0
  • Mahama attends Liberia’s 178th independence anniversary

    0 shares
    Share 0 Tweet 0
  • The world’s top 10 most valuable car brands in 2025

    0 shares
    Share 0 Tweet 0
  • Top 10 African countries with the highest GDP per capita in 2025

    0 shares
    Share 0 Tweet 0
  • Global ranking of Top 5 smartphone brands in Q3, 2024

    0 shares
    Share 0 Tweet 0

Get strategic intelligence you won’t find anywhere else. Subscribe to the Limitless Beliefs Newsletter for monthly insights on overlooked business opportunities across Africa.

Subscription Form

© 2026 LBNN – All rights reserved.

Privacy Policy | About Us | Contact

Tiktok Youtube Telegram Instagram Linkedin X-twitter
No Result
View All Result
  • Home
  • Business
  • Politics
  • Markets
  • Crypto
  • Economics
    • Manufacturing
    • Real Estate
    • Infrastructure
  • Finance
  • Energy
  • Creator Economy
  • Wealth Management
  • Taxes
  • Telecoms
  • Military & Defense
  • Careers
  • Technology
  • Artificial Intelligence
  • Investigative journalism
  • Art & Culture
  • LBNN Blueprints
  • Quizzes
    • Enneagram quiz
  • Fashion Intelligence

© 2023 LBNN - All rights reserved.