@theCCCuk recommendations on the Sixth Carbon Budget, the 2030 NDC and, crucially, the inclusion of international aviation and shipping to the UK target framework - have been accepted in full.
Credit to Ministers for agreeing it (after a serious Cabinet discussion I heard).
For @theCCCuk, this completes a huge body of work over the past three years (and even before that). I'm delighted that Net Zero is law - now with a legal emissions pathway to drive progress over the 2020s and 30s.
These targets rest on comprehensive analysis by @theCCCuk.
That means that, from now on, @theCCCuk interest in target-setting declines and our fascination with delivery increases.
Delivery is a challenge for Government and society - we see credible and beneficial steps across the economy to deliver the Sixth Carbon Budget and Net Zero.
It goes without saying that this needs to be led by Government over the next decade, with policies are to drive the necessary investment to get us to the point - around 2030 - when we phase out the sale of high carbon assets *completely*.
But today is a good moment. I hope that the decision will be noticed globally, as we prepare for the Joe Biden climate summit on Thursday and, of course, #COP26 in November.
And for those that say "it's just another target", it's worth reading all about it how we can achieve Net Zero and the Sixth Carbon Budget here.
This is a legally binding goal - and so far we've always met them in the UK. Long may that continue.
Last year, we recommended that @hmtreasury undertake a review of how Net Zero will be funded. Very pleased that they accepted that invitation.
We've now got their interim report - the final report will be next Spring probably. gov.uk/government/pub…
Quick thread...
You may have heard me bigging up this review, because it's essential that @hmtreasury looks at the question of 'who pays?' for Net Zero.
Our new analysis says the aggregate cost is likely to be low, but that masks a policy challenge to distribute the costs and benefits fairly.
Happily, this looks like it will tackle the right issues. And because it's interim, I hope the @hmtreasury will have more time to consider our latest assessment of the pathway to Net Zero - and the investment and savings insights that emerged in this chart.
The UK should commit to reduce emissions by at least 68% from 1990 to 2030 - and make clear commitments on international aviation and shipping, climate finance and adaptation.
@AlokSharma_RDG requested our advice ahead of the publication of our Sixth Carbon Budget advice next week (9th December).
We were pleased to provide it, if it helps calibrate ambition before next week's climate ambition summit, when new 2030 NDCs will be the main agenda item.
This would be a serious 2030 UK commitment. Among the most ambitious of any country.
New net-zero targets from China, South Korea, Japan – and (soon) the US are fantastic. But they are mid-century goals. We need short-term ambition too.
The PM's statement contains a serious set of commitments. If they're delivered, they’ll take a big chunk off UK emissions over the next decade and beyond.
As ever - the detail needs to follow. But for now, I'm pleased. We should celebrate days like this when we get them.
Others have done the detailed commentary (thank you @DrSimEvans). Main thing to say is that this is a vision with some *breadth*.
We’ve become used to piecemeal announcements – this is more like it.
We have meaningful new commitments on transport, power, industry, hydrogen, heat, CCS and woodland creation. It's a statement that a more fully-fledged UK strategy is now emerging.
Tweets have been light recently while we prepare for a very busy period ahead. We’re about to bring you a *lot* of new analysis, insight and commentary.
A rundown of what’s coming up soon from @theCCCuk.
THREAD
There are four themes to our work for the year prior to #COP26
1) Achieving Net Zero in the UK. 2) The UK’s international climate focus. 3) Climate risk and adaptation. 4) New scrutiny of progress
Let’s look at each, starting with the first...
On December 9 we publish our Sixth Carbon Budget advice. It's a biggie: advice on the transition all the way to #NetZero.
New sectoral insights
New investment numbers, profiled over time
New cost / benefit analysis
New Scotland, Wales, Northern Ireland pathways
New policy advice
This week brings two important new reports on Net Zero.
The @NetZeroUK report will be published on Thursday (more on that later), but today we have a new report from the @instituteforgov.
A few reflections on the IfG report in this thread.
This is an important report because it’s a serious review of governance and preparation for Net Zero in government.
The 'governance gap’ is something that we have highlighted in @theCCCUK reports. It’s great to see @instituteforgov look at the issues with their expert eye.