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REA welcomes decision on fourth carbon budget

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The REA has welcomed 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 percent reduction in emissions by 2050 (compared to 1990 levels).

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.”