Following the publication of the Committee on Climate Change’s report today on the scientific and international context for the fifth carbon budget, the Aldersgate Group urged the UK government to continue its effort to cut carbon emissions and grow its low carbon economy amidst increasing international action on climate change.
Following an increase in ambition in the climate change policies of key emitting countries such as the US and China, the Aldersgate Group highlighted that international action to tackle climate change was strengthening despite the fact that current pledges to cut emissions were still insufficient to prevent dangerous levels of climate change.
Nick Molho, Executive Director of the Aldersgate Group said: “The upcoming Paris climate change summit won’t result in an agreement that can immediately lock-in commitments that will prevent dangerous levels of climate change. But the summit will be a success if it commits countries to initial emission cut pledges and provides for a mechanism to increase these pledges in the coming years.”
Nick Molho added: “To support this strengthening international action on climate change, the UK must continue its own efforts to cut carbon emissions at home. Concretely, this requires rapidly replacing a range of policies such as the levy control framework that will expire during the term of this Parliament and which are critical to increasing innovation and attracting investments in energy efficiency and low carbon power, heat and transport infrastructure.”
The Aldersgate Group also pointed out that in designing the UK’s future climate change and energy policies, the government should not lose sight of the economic opportunities presented by a transition to a low carbon economy.
Nick Molho said: “The international market for low carbon goods and services is already worth $5.5tn. We must look at climate change and energy policies not only as a tool to tackle climate change but also as a way of supporting UK businesses playing an increasing role in this growing international market.”