Nick Molho, head of Climate & Energy Policy, WWF UK "The Government must confirm its commitment to the emission reduction objectives set out in the Fourth Carbon Budget.As made clear in the statement issued today by over 100 organisations calling on the Government to uphold the Fourth Carbon Budget, ambitious and stable climate policies make business sense.
"As a range of businesses, investors, faith groups and NGOs representing a wide spectrum of the UK economy and society, we jointly urge the Government to stick to ambitious emission reduction objectives for the 2020s to give business the certainty it needs to commit significant investments to the UK's promising low-carbon economy and in so doing, maintain our energy security".
This strategy, introduced by the Conference of Parties to the United Nations Framework Convention for Climate Change (UNFCCC), represents a common but differentiated approach to meet the overall emission reduction objectives.
For the UK, achieving an ambitious EU emissions reduction target remains our key objective.
The EU's emissions reduction target for 2020 could be facing an unlikely but grave obstacle, according to a growing number of scientists, EU officials and NGOs: the contribution of biomass to the EU's renewable energy objectives for 2020.
The policy had a couple of objectives: emissions reduction and and economic transformation.
We show that such a scheme can simultaneously achieve efficient emissions reductions and equity objectives, as developing countries do not have to pay an initial fee, are net receivers of funds, are net beneficiaries, and abate voluntarily.
Richard Smith, head of strategy and policy at the National Grid, said while the shorter-term objectives of meeting the emissions reduction timetable were set, the longer term impact on supply and demand of replacement technology such as electric cars and wind turbines was difficult to predict.
