The Grantham Research Institute (LSE) and the Grantham Institute have published a joint policy brief on climate policy priorities for the new UK government. Since 2010 the UK has made good progress towards creating a climate-resilient and low-carbon economy. But challenges remain in ensuring that the full risks and costs of high-carbon activities are confronted and addressed. Current policies for greenhouse gas emissions focus on emissions reductions up to 2020. The next Government will be required to design and implement policies that keep the UK on a least-cost emissions reduction pathway to 2030 and beyond.
To meet this challenge the next Government should provide clarity and a sense of direction to enhance the credibility of its climate policies, through:
- building long-term investor confidence in the UKs low-carbon economy;
- harnessing the UKs potential as a leader in energy ‘cleantech’;
- ensuring that the transition to an energy-efficient and low-carbon economy is affordable for businesses and households;
- increasing the UK’s resilience to extreme weather; and
- demonstrating leadership in international climate negotiations.
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