carbon budgets

The UK’s transition towards a net zero economy will cost the country more than £1 trillion, 40% more than the Committee on Climate Change has suggested, HM Treasury has claimed.

The UK government is prepared to use historic over-performance in emissions reductions to meet future targets, reports have suggested, in a move which is likely to attract considerable criticism.

The UK now looks all but certain to miss emissions reductions targets out to 2032, new statistics out today have revealed.

The Committee on Climate Change (CCC) has once again warned the government over carrying over surplus emissions reductions to meet future budgets.