The Carbon Plan [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Environment expert
Practice notes

The Carbon Plan [Archived]


Published by a ÀÏ˾»úÎçÒ¹¸£Àû Environment expert

Practice notes
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ARCHIVED: This Practice Note has been archived and is not maintained.

Brexit

11 pm (GMT) on 31 December 2020 marked the end of the Brexit transition/implementation period entered into following the UK’s withdrawal from the EU. At this point in time (referred to in UK law as ‘IP completion day’), key transitional arrangements came to an end and significant changes began to take effect across the UK’s legal regime.

Carbon budgets

The Climate Change Act 2008 set a legally binding target for the UK to reduce greenhouse gas (GHG) emissions by 80% compared to 1990 levels by 2050.

To drive progress towards the 2050 target, carbon budgets are set for five year periods. See Practice Note: Climate change—emissions targets, carbon budgets and net zero.

Carbon budget% reduction below 1990 base year
1st Carbon budget (2008–12)23%
2nd Carbon budget (2013–17)29%
3rd Carbon budget (2018–22)35% by 2020
4th Carbon budget (2023–27)50% by 2025

Policy papers

The previous government issued four policy papers:

  1. •

    Low Carbon Transition Plan

  2. •

    UK Renewable Energy

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Jurisdiction(s):
United Kingdom
Related legal acts:
Key definition:
ACT definition
What does ACT mean?

Association of Corporate Treasurers.

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