Long term signals vital for securing investment and creating jobs in renewables

The REA welcomes the Government's confirmation today that the Fourth Carbon Budget, setting greenhouse gas emissions limits for the period 2023 to 2027, will be set in line with the advice of the Committee on Climate Change and the target in the Climate Change Act of an 80% reduction in emissions by 2050 (compared to 1990 levels) [1].

REA Chief Executive Dr Nina Skorupska said:

"The decision to keep the Fourth Carbon Budget in line with the CCC's advice is very good news for the green economy and the pursuit of a sustainable future. This decision puts independent expertise and long-term thinking ahead of the possible lure of political point scoring. Across renewable power, heating and transport fuels, investors need certainty that when it comes to the low carbon economy, the Government is in it for the long-term."

The REA and the affiliated Solar Trade Association both supported the campaign calling on Government to back the Fourth Carbon Budget, which was led by WWF and gained support from over 100 businesses and organisations [2].