Fifth carbon budget

DEFINITION: The UK Government has set five-yearly carbon budgets which currently run until 2032. They restrict the amount of greenhouse gases the UK can legally emit in a five-year period. The UK’s Fifth carbon budget aims to limit the annual emissions to 57% below 1990 levels by the year 2032.

See also: Carbon budget

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The new target will become enshrined in law by the end of June 2021

'A credible path to net-zero': Green groups react to UK's Sixth Carbon Budget

The Government will seek to reduce emissions by 78% by 2035 as part of a new Sixth Carbon Budget agreed today (20 April), a decision that has been welcomed by green groups, although some are calling for more detailed action plans.

The target will become enshrined in law by the end of June 2021

Sixth Carbon Budget: UK to reduce emissions by 78% by 2035

Prime Minister Boris Johnson has agreed to legislate a new target to reduce national emissions by 78% by 2035, including emissions from international shipping and aviation, following the Climate Change Committee's advice on the Sixth Carbon Budget.

The UK government imposed a moratorium on fracking in England in 2019. Scotland and Wales have moratoria in place against hydraulic fracturing.

Fracking ban should continue for UK to meet net-zero, CCC warns

The Climate Change Committee (CCC) has told the UK Government that restrictions on onshore fracking for shale gas must be continued until scientists have a better understanding of its full environmental impact.

It is yet to be confirmed whether the Strategy will be disbanded entirely, or rebranded as part of a new growth plan

Ed Miliband criticises Government decision to 'axe' Industrial Strategy

Shadow Business Secretary Ed Miliband has criticised a decision from the Department for Business, Energy & Industrial Strategy (BEIS) to archive the flagship Industrial Strategy, joining concerns from green groups that the decision could dent business and policymaker relations.

Image: Fairtrade Foundation

Stop offshoring emissions to poorer countries, Fairtrade Foundation urges Government

Almost half of the emissions linked to UK consumption are generated overseas, a new Fairtrade Foundation analysis has revealed, with the organization urging Boris Johnson to do more to support the net-zero transition internationally.

Pictured: An artist's impression of the completed mine. Image: West Cumbria Mining Company 

Cumbria County Council puts plans for controversial coal mine on hold

After much criticism of its decision to approve the UK's first deep coal mine in more than 30 years, Cumbria County Council has confirmed that it will reconsider the move.

More than eight billion allowances changed hands through European markets in 2020, a near-20% increase on 2019 levels

Global carbon market grew 20% in 2020

The valuation of the global carbon market grew 20% in 2020, totalling almost €230bn and the fourth consecutive year of record growth, new research has found.

The research warns that up to 10 million jobs will need to be replaced or retained as part of the net-zero transition

Report: 10 million high-carbon jobs to be retrained or replaced as part of net-zero transition

Research from a new cross-party programme exploring the net-zero transition in the UK has warned that 10 million jobs will either need to be retrained or replaced if the nation is to meet its climate commitments.

Based on the current decarbonisation rate, PwC warns that the century’s global carbon budget would be used up by the end of this decade

Global decarbonisation efforts need to be five times greater to reach 1.5C pathway

Global efforts to combat the climate crisis will need to be five times greater than current levels, with new research warning that the rate that carbon emissions are decoupled from economic growth slowed in 2019.

The Treasury reiterates that net-zero is “essential” in delivering long-term prosperity

Net-zero impact on UK economy to be 'relatively small', Treasury finds

The HM Treasury has published a final report in the build-up to a Net-Zero Spending Review, claiming that the transition to meeting the UK's long-term climate goals could deliver "slightly positive or slightly negative" economic growth for the UK, depending on how decisive policy action is.

The news comes just weeks after it was revealed that English and Scottish local authorities representing one-third of the population have committed to reaching net-zero community emissions by 2045

Councils not confident of reaching net-zero commitments

More than a third of councils in the UK are not confident that they'll be able to meet public commitments to reaching net-zero emissions, with a "black hole" of data hindering efforts on energy efficiency plans.

Green Groups have welcomed the announcement, but more detail is still being required

An 'undisputed urgency to act': Green economy reacts to the Energy White Paper

The Government has unveiled the long-awaited Energy White Paper today (14 December), with green groups welcoming the focus it provides to both job growth and rapid decarbonisation in order to reach net-zero emissions by 2050.

Of the 62 companies analysed, only 23% have plans in place that align with the 2C pathway by 2030

Shipping, aviation and carmakers failing to align with Paris Agreement

The majority of the worlds largest automotive, shipping and aviation companies are failing to deliver emissions reduction plans in line with a pathway to keep global warming to 2°C - let alone 1.5C - new research has found.

CCC chair Lord Deben said many high-emitting industries will need to become "wholly different"

'A game-changer': UK's green economy leaders react to the Sixth Carbon Budget

Green groups and trade bodies have broadly welcomed the Climate Change Committee's Sixth Carbon Budget, headlined by a recommendation to cut annual emissions by 78% by 2035. But they want to see the Government act rapidly and boldly to prove it can deliver.

The CCC recommends that the UK hosts 100GW of offshore wind generation capacity by 2050 

Sixth Carbon Budget: UK will need to cut emissions by 78% by 2035 to meet net-zero

Under the original Climate Change Act, the UK Pledged to cut net emissions by 80% by 2050. Now, it will need to deliver a 78% reduction by 2035 if it is to meet its long-term net-zero commitment.

The CCC will publish its sixth carbon budget this month

CCC pushes Boris Johnson to bolster UK's 2030 climate target ahead of COP26

The Climate Change Committee (CCC) is urging Boris Johnson to commit to reducing the UK's emissions by at least 68% by 2030, through its updated Paris Agreement pledge for COP26.

The letter is supported by SMEs in the green economy and by corporate giants

Business giants urge Boris Johnson to confirm 2030 climate target

More than 75 major businesses have penned an open letter to Boris Johnson calling for an "ambitious", legally-binding, interim climate target to support the transition to net-zero by 2050.

The groups are calling for a fresh emissions goal to be set for 2030

Business groups call on Prime Minister to set Paris Agreement commitment by end of year

A number of green business groups have called on Prime Minister Boris Johnson and the UK Government to set a substantial commitment to the Paris Agreement that is aligned to the nation's own net-zero target.

Sharma was quizzed on the UK's roads programme, green buildings grants and COP26 preparations 

Alok Sharma promises 'joined-up thinking' on net-zero policy, but examples remain scarce

Business Secretary Alok Sharma delivered rhetoric that the Government will approach the net-zero emissions commitment for 2050 through a "joined-up thinking" approach, but was unable to confirm any concrete policy announcements that would ensure fossil fuels aren't locked into the future economy.

Johnson will confirm that the National Infrastructure Strategy will be published this Autumn

Boris Johnson's New Deal for Britain yet to align with green recovery calls

Prime Minister Boris Johnson will announce a multi-billion-pound "New Deal for Britain" that prioritises jobs and infrastructure growth to respond to the economic crash caused by Covid-19, but following months of calls for a "green recovery," the environment is largely absent from the plan.

New analysis from the Energy and Climate Intelligence Unit (ECIU)’s Net-Zero Tracker has found that 53% of global GDP is now covered by an intended or actual net-zero commitment

Race to Zero: COP26 campaign launched to push nations towards net-zero targets

To mark World Environment Day, the UK Government has launched its "Race to Zero" global campaign to mobilise support for the net-zero transition across businesses, cities and nations, with new data finding that 53% of global GDP is covered by a net-zero ambition in some form.

McKinsey notes that allocating funding towards climate action will cut emissions, spur job growth and generate economic returns

'Use it or lose it': Pandemic recovery a decisive moment for climate action

A new report from global analyst firm McKinsey has found that recovery packages from the coronavirus pandemic will be decisive in putting the world on course to meeting the Paris Agreement, calling for low-carbon technologies and solutions to be prioritised.

Two-thirds of the UK’s 460,000 green jobs are located outside London and the South East

MPs call for Just Transition Fund to spur green recovery towards net-zero

A commission of cross-party MPs has added to the calls for the UK to prioritise and deliver a green recovery from the coronavirus pandemic, claiming that £30bn should be spent on a climate-focused recovery that also establishes a £5bn national Just Transition Fund.

The CCC believes that the government can lead a shift to new social norms, including supporting home working and remote medical consultations as well as improved safety for cycling

CCC: Change tax systems to build green economic recovery post-coronavirus

The Committee on Climate Change (CCC) has advised Prime Minister Boris Johnson, COP26 President Alok Sharma and national first ministers across the UK, calling for climate action to be placed at the heart of an economic rebuild following the coronavirus pandemic.

Sharma noted that his department was still pushing the climate agenda during the pandemic. Image: Gov.uk

Alok Sharma: 'Focus has not stopped' on global climate action

The Secretary of State for Business, Energy and Industrial Strategy (BEIS), Alok Sharma had stated that the UK remains focused on preparations for the delayed COP26 climate summit, claiming that nations can't treat the coronavirus pandemic and climate action as an "either-or" scenario.

Stark discusses future carbon budgets, infrastructure strategies, COP 26 and coronavirus recoveries 

CCC boss: Green and resilient economic recovery can push UK towards net-zero target

EXCLUSIVE: The Committee on Climate Change's (CCC) chief executive Chris Stark believes the UK Government should prioritise a green and resilient economic recovery from the coronavirus pandemic that doesn't lock in fossil fuels and puts the nation on an upwards trajectory towards a socially just net-zero transformation.