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 report also states that power sector emissions are anticipated to fall by 53 per cent between 2015 and 2020

BEIS cuts projection for greenhouse gas emissions

The Department for Business, Energy and Industrial Strategy (BEIS) has lowered its projection for greenhouse gas emissions during the fourth and fifth carbon budgets.

Perry revealed that the Government is examining ways to support onshore wind in parts of the UK where the technology is popular

UK will be 'pretty close' to reaching fifth carbon budget, says Climate Change Minister

Climate Change Minister Claire Perry today confirmed the Government will look to provide support for onshore wind, as she faced a grilling from MPs over the UK's ability to achieve its mid-term decarbonisation goals.

One of Baroness Brown's major concerns regarding the strategy is its so-called “flexibility” mechanisms, which enable the Government to borrow from

Clean Growth Strategy 'flexibilities' could put Paris goals at risk

The aspirations of the Clean Growth Strategy have been praised as a "step in the right direction" by green economy experts, but concerns have been raised that the Government's willingness to rely on banking and borrowing from carbon budgets could put the goals of the Paris Agreement at risk.

It estimates that 37bn tonnes of CO2 will be emitted from burning fossil fuels, the highest total ever

Fossil fuel burning set to hit record high in 2017, scientists warn

The burning of fossil fuels around the world is set to hit a record high in 2017, climate scientists have warned, following three years of flat growth that raised hopes that a peak in global emissions had been reached.

The report warns that fossil fuel giants Shell and Chevron have 60%-70% of profits at risk

Oil refining capacity set to shrink by a quarter during low-carbon transition

A quarter of global refining capacity will leave the market or be forced to close by 2035, sparking calls for investors to be aware of the risk of "wasting capital" on new investments into the oil sector.

The strategy notes that “there is currently sufficient projected surplus available to carry forward to meet the fourth carbon budget and some of the fifth carbon budget”

Will the UK reach its carbon budget targets with the Clean Growth Strategy?

The Government's long-awaited Clean Growth Strategy details more than 50 initiatives to decarbonise the UK economy in line with the fourth and fifth carbon budgets, but does the ambition have enough quantifiable targets in place to deliver?

DNV GL predicts that the first “emission-free” year will only occur in 2090

World set to exhaust carbon budget in 2040s, despite predicted energy plateau

A "watershed moment in human history" will occur in 2030 as energy demand plateaus, although the rapid decarbonisation of the global energy supply will still deplete the carbon budget for the goals of the Paris Agreement by 2041.

Adrian Gault believes the business community has waited for too long for a clear direction on the low-carbon economy from Westminster

Government must seize economic opportunity of low-carbon innovation, says climate adviser

EXCLUSIVE: The UK Government must invest in low-carbon innovation now or risk significantly raising the cost of meeting the fourth and fifth carbon budgets, the chief economist of the Committee on Climate Change (CCC) has told edie.

Labour's Alan Whitehead labelled the Conservatives' delayed release of the Clean Growth Plan

Shadow Energy Minister slams 'deplorable' delay of Clean Growth Plan

EXCLUSIVE: The continued delay of a long-term strategy to decarbonise the UK is a matter of "considerable shame" for the Government, according to Labour's Shadow Energy & Climate Change Minister Alan Whitehead.

The Committee on Climate Change (CCC) warns that “it is no longer justified or wise” to delay publication of the long-awaited Clean Growth Plan

Further delay of climate plans could derail UK's low-carbon shift, warns CCC

Ministers could derail the UK's low-carbon transition unless they deliver urgent new plans to reduce emissions across the country, the Government's independent climate advisory body has warned.

Policy Exchange has called upon Ministers to develop a technology-neutral strategy that involves new technologies such as hydrogen and natural gas vehicles

Policy Exchange: Government must act to stem £170bn loss in fuel duty tax receipts

The Government must consider how it will recover a forecasted £170bn hole in lost fuel duty tax receipts if the UK remains on course to hit the energy targets set out in the Fifth Carbon Budget, a new report from think tank Policy Exchange has warned.

The inaugural league table was published this week, using data from January to March, and placed British Airways, Aer Lingus and Etihad Airways at the top of the rankings

Heathrow expands airline league table to incentivise emissions reductions

The 50 busiest operating airlines at Heathrow Airport are being incentivised to reduce emissions and noise in their operations through a new public ranking system.

(From left to right): Lib Dem environment spokesperson Baroness Parminter, Resource Minister Thérèse Coffey, event chair Clive Anderson, Shadow Secretary for International Trade  Barry Gardiner, and Green Party London Assembly member Caroline Russell

Greener UK debate: Parties trade blows over environmental ambitions ahead of election

Environmental representatives from the UK's major political parties clashed last night (30 May) over international climate change leadership and other key green policy issues at a General Election hustings event in London.

As part of its response, the Government revealed that it will publish an Aviation Strategy white paper in 2018 as part of a broader aviation commitment

MPs criticise Government over carbon 'fantasy' for Heathrow expansion

The Environmental Audit Committee (EAC) has criticised the UK Government for refusing to commit to air quality targets in relation to the third runway expansion, labelling the associated carbon calculations as a "fantasy".

BEIS representatives Nick Hurd, Greg Clark and Jesse Norman appeared before the BEIS Committee in Parliament today

UK Clean Growth Plan in 'holding pattern' after snap election announcement

Climate Minister Nick Hurd has said the release of the UK's long-awaited Clean Growth Plan is now in a 'holding pattern' of new policy frameworks following Prime Minister Theresa May's decision to seek a snap general election.

The letter calls on the BEIS to “take advantage of the expertise and support of business” by launching a consultation on the plan

ClientEarth challenges Government to publish delayed emissions strategy

Environmental law firm ClientEarth has written to climate minister Nick Hurd, challenging him to outline timeframes for the delayed emissions reduction plan and launch a consultation to engage with businesses on the matter.

The report warns that CCS and nuclear - such as the Dukovany plant (pictured) - offer limited growth prospects compared to renewables

Europe's energy giants set to overshoot Paris Agreement 'carbon budget'

Europe's major utilities companies are "locked" into high emission projects, placing €14bn of earnings at risk unless they realign strategies with the goals of the Paris Agreement, a new CDP report has found.

Even under a worst-case scenario of the outlined transition, the report still expects GDP to grow by 0.6%

Energy transition of 'exceptional scope' can unlock $10trn annually

Global energy-related carbon emissions can be reduced by 70% by 2050, generating $10trn a year in benefits, if countries ramp-up national commitments to reach the goals of the Paris Agreement, a new report has found.

Cheaper gas has seen emissions from that area rise by 12.5% as a result, and emissions from oil also increased by 1.6%

UK carbon emissions fall by 5.8% in 2016, analysis finds

A huge decline in coal use saw national carbon emissions in the UK fall by 5.8% in 2016, reaching its lowest recorded levels in almost 100 years, analysts have claimed.

The Environmental Audit Committee (EAC) is “deeply disappointed” with the Treasury’s inaction to adequately factor in long-term sustainability risks into its decisions

MPs 'deeply worried' about gaps between UK climate targets and policy delivery

The Department for Business Energy and Industrial Strategy (BEIS) Committee has expressed its concern over the gaps between the UK's decarbonisation ambition and current policymaking, on the same day that the Treasury faced criticism from MPs for failing to improve its approach to environmental sustainability.

The Government told the EAC that it intends to base its carbon policy for the runway on scenarios that use assumptions about passenger use and demand

Report: Heathrow expansion will create a 'black hole' in future carbon budgets

The UK Government's lack of commentary on how it plans to mitigate the environmental impacts of the third runway expansion at Heathrow Airport could create a "black hole" in future carbon budgets, a new report has warned.

The current downward trend in emissions has placed the UK on track to surpass its second carbon budget, which requires a 29% reduction in emissions below 1990 levels

Coal phase-out sees UK emissions tumble by 4%

A fall in coal use, and subsequent rise in renewables and nuclear electricity sources, has been listed as a prime driver in the UK registering a 4% decline in carbon emissions in 2015, figures from the Office for National Statistics (ONS) have revealed.