As part of our blog series on legislative trends worldwide, today I’m going to highlight the UK's leading efforts towards a low-carbon economy in the context of the European Union’s (EU’s) wider objective of transitioning to a resource efficient and climate resilient economy as well as its political commitment to reducing carbon emissions by at least 80% by 2050. You can see more information about this here.
Current policies have put the UK on track to cut emissions by over a third, on 1990 levels, by 2020. The Climate Change Act 2008 is the core legislative body that establishes the UK’s long-term framework to tackle climate change. The Act aims to encourage the transition to a low-carbon economy in the UK through unilateral legally binding emissions reduction targets. This means a reduction of at least 34 percent in greenhouse gas emissions by 2020 and at least 80 percent by 2050. Introducing these carbon budgets will ensure meeting the targets for 2050 and beyond. One of the initiatives established by the Climate Change Act is the CRC Energy Efficiency Scheme. This is a mandatory scheme aimed at improving energy efficiency and cutting emissions in large public and private sector organizations. These organizations are responsible for approximately 10% of the UK’s emissions.
By Elena Avesani, Principal Product Strategy Manager, Oracle