Tagged: Carbon price
The fifth carbon budget – The next step towards a low-carbon economy
This report presents the Committee’s advice on the fifth carbon budget, covering the period 2028-32, as required under Section 34 of the Climate Change Act 2008. The Committee recommends that the fifth carbon budget is set at 1,765 MtCO2e, including emissions from international shipping, over the period 2028-2032. That would limit annual emissions to an average 57% below 1990 levels.
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Sectoral scenarios for the fifth carbon budget – Technical report
This technical report accompanies the fifth carbon budget – the next step towards a low-carbon economy, the Committee’s published advice on the level of the fifth carbon budget. It describes the scenarios used by the Committee to inform its judgements over the cost-effective path.
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Power sector scenarios for the fifth carbon budget
This report sets out scenarios for the UK power sector in 2030 as an input to the Committee’s advice on the fifth carbon budget, given the importance of the power sector to meeting economy-wide emissions targets.
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New low-carbon electricity generation is cost-effective option for UK power sector investment in 2020s and beyond
A low-carbon electricity supply is the most cost-effective way to meet the need for more generation in the 2020s given the UK’s climate change commitments, the Committee on Climate Change (CCC) says in a new report setting out UK power sector scenarios for 2030.
Energy prices and bills – follow up on Thursday’s report
Our report on energy prices and bills has raised questions and caused some debate on Twitter about how we came up with possible bill impacts in an unabated gas-based power system. It is important to understand both the risks to energy prices in such a system, and the way we have illustrated these risks. We showed in the report that investing in low-carbon technologies will involve a period of rising …
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What is the real cost of low-carbon to typical household energy bills? – Media reaction
By Emily Towers, Communications Manager, CCC Last week, we published our first comprehensive analysis of how household energy bills will be impacted by the costs of meeting carbon budgets. Our aim on entering this debate was to fulfil our legal duties in this area (we have a statutory duty to report on fuel poverty under the Climate Change Act), and to add a dispassionate evidence-based analysis to an area where …
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The Poms cut carbon without whingeing, why can’t we?
This is an extract from an article written by Alex Kazaglis, an Australian economist at the CCC, first published in The Punch. In it he gives his personal view of Australian climate change policy in light of the UKs recent commitment to the fourth carbon budget. Julia Gillard must find it hard to imagine coalition politics ever resulting in Government commitments to radically reduce carbon emissions. This week, however, the …
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Myth-busting book attempts to set a price on carbon
By Michael Grubb, member of Committee on Climate Change This is an excerpt from review written by Michael Grubb, published in Nature magazine (NATURE|Vol 465|10 June 2010) “Pricing Carbon is a long-awaited analysis of the first major attempt to set a price on carbon emissions through the European Union Emissions Trading Scheme (EU ETS). With its empirical focus, this myth-busting book demonstrates the scheme’s achievements and flags its ongoing challenges. …
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