The UK government’s climate change bill split business and environmental groups, with the former praising it as a balanced step forward and the latter damning it as unambitious.
The bill sets a legally binding carbon dioxide reduction target of 26-32% by 2020 and 60% by 2050. This is accompanied by a system of legally binding five year “carbon budgets”, set at least 15 years ahead to provide clarity on the UK’s progress towards its targets and to increase the certainty of business investing in low carbon technologies.
Richard Lambert, director general of the CBI employers’ body, said the bill is a big advance in combining the two things that business needs to cut emissions: long-term clarity on policy direction and flexibility in its delivery. Setting binding targets, he argued, demonstrates how seriously the UK is taking the global response to climate change.
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