The Sixth Carbon Budget (2033-2037) charts the decisive move to zero carbon for the UK. The CCC shows that polluting emissions must fall by almost 80% by 2035, compared to 1990 levels – a big step-up in ambition. (1/12) #UKCarbonBudget 🧵
Our recommended Sixth Carbon Budget would achieve well over half of the required emissions reduction to 2050 in the next 15 years, but decisive action must start today. (2/12) #UKCarbonBudget
The recommended Sixth Carbon Budget and UK NDC also reflect the goals and requirements of the Paris Agreement, recognising the UK’s responsibility as a richer developed nation and its respective capabilities. (3/12) #UKCarbonBudget
When we recommended the UK’s #NetZero target for 2050, we demonstrated that any negative economic impact was likely to be small and the overall impact could turn out to be positive. Our analysis for this report reinforces that finding. (4/12) #UKCarbonBudget
Our estimate of the annualised resource cost (which measures the net additional cost each year to deliver the same services with lower emissions) has fallen to less than 1% of GDP through to 2050. (5/12) #UKCarbonBudget