David Kennedy, The Committee on Climate Change
Provides a recap of the UK’s Intended and Interim carbon budgets to 2020 and the opportunities for emission reductions by sector covering: power; residential buildings; non-residential buildings and industry; transport; and agriculture. The macroeconomic impacts of the carbon budgets and the impacts of the recession are set out in respect to GDP against cost, emissions, carbon price and financing. The strategy for meeting the carbon budgets includes a requirement to strengthen key policies in respect to: residential buildings by overcoming known barriers (e.g. lack of information, hassle, procrastination and engagement); power markets by addressing the risks for private and social players under the current market arrangements; electric cars through the provision of interim price support for charging, information, and addressing planning barriers.
Tags: Carbon budget, Carbon price, CCC, Climate change, Committee on Climate Change reports, David Kennedy, Electricity generation, Emission reductions, Emissions, Emissions trading, Energy systems modelling, Fossil fuels, GDP, Industry, power, UK