Green News UK 
Committee for Climate Change - Meeting Carbon Budgets
Committee for Climate Change - Meeting Carbon Budgets
Committee for Climate Change - Meeting Carbon Budgets
The UK Committee for Climate Change (CCC) was set up in 2008 as an an independent body to advise the UK Government on emissions targets, and to report to Parliament on progress made in reducing greenhouse gas emissions. It operates under legislation provided by the Climate Change Act 2008.
Today it has published its 2nd progress report: Meeting carbon budgets – ensuring a low-carbon recovery – 30 June 2010
The report urges the government to increase efforts to reduce emissions by making a 'step change' in the change to renewable energy, to increase efforts to reduce waste energy by insulation and changes to the transport system. All will come as good news to the green investor as the government has committed to being 'the greenest ever' and new legislation will be outlined later in the year.
Figure quoted show the UK’s greenhouse gas emissions fell 8.6% from 2008 to 2009 with reductions of 9.7% in CO2 and 1.9% in non-CO2 emissions. But a warning that current the current drop in greenhouse gas emissions is maily due to the recession and it will need more effort to meet targets once the economy starts to grow.
The commmittee recommend that new policies are introduced to strengthen incentives for the following key areas:
The report calls for 'a new system with appropriate incentives for investment in secure and lowcarbon power generation'. This should ensure green investments in clean renewable energy continue to be attractive the private investor. While private investment in electric car manufacturers is already hotting up with the recent well received IPO from Tesla Motors.