UK government sets out framework for low-carbon future, climate change
The UK government has laid out the path for the country’s low-carbon future as it placed the Annual Energy Statement in the parliament alongside the Energy Security Strategy.
The statement outlined that the country's low-carbon sector was worth a total £122n against the world total of £3.3 trillion.
According to Secretary of State for Energy and Climate Change Ed Davey who placed the statement before the lawmakers a third of the country's economic growth in the country was fueled by the green economy.
Greater benefits of investing in low-carbon technologies lay ahead opined Davey.
"First, of course, it will help us meet our Carbon Budgets on the path to our 2050 emissions target, so that Britain will continue to play a leading role in tackling climate change.
"Second, it will diversify our energy mix, improving our energy security and insulating households and business consumers from high and volatile fossil fuel prices on global markets.
"And third, it will keep British companies at the forefront of the fast-growing global green sector," said Davey.
To further measures against climate change in the country the government plans to bring in a new legislation that stipulates a 2030 decarburization target for the power sector and ensure new plants in the future will have built-in carbon capture technologies.