The task of rebalancing the UK economy away from carbon is well-progressed and is set to result in greater energy security and the development of new innovative technologies, according to the Government's Carbon Plan.
The Carbon Plan sets out progress to date and assesses cost-effective next steps. It shows:
- that UK emissions have already been cut by more than 25% on 1990 levels.
- that with the policies already in place the economy will significantly exceed the 34% target set for the first 15 years under the Climate Change Act, and would have done so even if the recession had not occurred.
- that meeting the fourth carbon budget of a 50% cut in emissions by the mid-2020s will not have any additional cost implications during this Parliament, but beyond that will require a decade of mass deployment of key technologies.