From: Lord Deben To: Rt Hon Edward Davey MP
The CCC urges governement to seriously consider a further amendment to set the carbon intensity target in 2014. This would address widely-raised investor concerns and provide more confidence that there will be good value for money from the levy control framework funding.
There remain significant advantages to setting a carbon intensity target committing to early power sector decarbonisation in secondary legislation now. Early decarbonisation is economically sensible compared to the alternative of a dash for gas through the 2020s.