Date post: | 22-Nov-2014 |
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John Pearson
Head, Regional Climate Change Network
The Green Economy
The UK Experience
The 2008 Climate Change Act
2008 Climate Change Act
1. Legally-binding targets
• 2020 target - 34% reduction
• 2050 target – 80% reduction
2. Carbon budgets…
…deliver incremental cuts
Carbon budgets are equivalent to a
34% cut in greenhouse gas
emissions in 2020.
....and will be tightened if the
EU moves to 30% – around 42%??
The UK will also cut emissions by
80% by 2050.
3. Committee on Climate Change
3rd Progress Report
- Emissions increased by 3%
- Underlying trend is flat
- Need increase rate of GHG reduction
Committee On Climate Change
A huge challenge ...
We need big changes
Economics of Climate Change
Energy Efficiency in SE Asia
EE can reduce SEA region’s energy bill by US$1.34bn*annually
12*ReEx estimates
Low Carbon Economy
More information…….
www.decc.gov.uk
www.theccc.org.uk
www.adb.org
Energy Efficiency - “Green Deal”
Energy Efficiency
Low Carbon Transport
Congestion Charging
SE Asia could lose 6.7% of GDP by 2100, if non-market impacts and catastrophic
risks are also taken into account.
Extra slide 2 – CCC
Lord Adair Turner (Chair) - Chair of the Financial Services Authority
David Kennedy (Chief Executive - Previously World Bank
Professor Michael Grubb - Chair of the international research network Climate StrategiesSir Brian Hoskins - Director of the Grantham Institute for Climate ChangeProfessor Julia King - Vice-Chancellor of Aston UniversityLord Robert May – previously Chief Scientific Adviser to the UK Government Professor Jim Skea - Research Director at UK Energy Research Centre
Renewable Energy in the UK