Reacting to the UK’s 6th Carbon Budget, the country’s biggest manufacturing exporter – the chemical industry – has restated its full support for the more aggressive, and ambitious plans of the CCC and UK government in decarbonising our economy.
The Chemical Industries Association's Policy Director, Nishma Patel said “This budget is an important step to securing jobs and investment across the UK. Our companies based in communities across the country, have been producing low carbon goods and solutions for a long time and continue to innovate to deliver the next generation of carbon savings. In frontloading our ambitions, we need our energy costs to be internationally competitive over the next decade, at the minute they are not. With a number of critical policy measures and plans to be announced over the coming months, we urge the Government to work with us on this and to use COP26 to align global ambitions and international competitors costs, so that we can remain at the forefront of delivering green growth."
Any questions for Nishma, please call 07951 389197
Today, 9 December 2020, the UK’s Climate Change Committee launched its 6th Carbon Budget and a detailed pathway for achieving Net Zero 2050 statutory obligations.
The carbon budget is set for government to legislate, regulate and encourage investment as a means to reducing emissions, alongside its role as Chair and host of the UN Climate Change Conference in Nov 2021 (Cop 26).
The 6th Carbon budget (2033-37) and detailed pathway to 2050 aggressively and ambitiously frontloads our decarbonisation and investment programme, principally funded by private capital, enabling the UK to building back its economy post Covid. The pathway to Net Zero includes 3 scenarios under which UK consumers will adopt carbon reduction at different paces’ across 3 broad categories.
- Reducing consumption
- Adopting lower carbon energy sources, and
- Minimising emissions from the agricultural sector through both a reduction in emissions and greater use of carbon sequestration.
Their proposals suggest that UK investment should be scaled up to c£50bn year on year, which is forecast to be offset over coming decades through a reduction in energy unit costs and a reduction in underlying consumption. The ambition being to deliver a 68% carbon reduction by 2030, with an 80% reduction by 2035 which up until a 18 months ago, was the 2050 statutory obligation.