Berliner Boersenzeitung - UK to beef up its emissions cuts as it bids to be 'climate leader'

EUR -
AED 4.297278
AFN 74.292236
ALL 95.716382
AMD 433.389865
ANG 2.094044
AOA 1073.998061
ARS 1629.423594
AUD 1.62737
AWG 2.105879
AZN 1.99192
BAM 1.958189
BBD 2.357236
BDT 143.602767
BGN 1.951567
BHD 0.442118
BIF 3481.134249
BMD 1.169933
BND 1.494517
BOB 8.086833
BRL 5.769526
BSD 1.170408
BTN 111.457522
BWP 15.905339
BYN 3.313286
BYR 22930.677624
BZD 2.353832
CAD 1.593372
CDF 2708.393681
CHF 0.915671
CLF 0.026913
CLP 1059.209921
CNY 7.991048
CNH 7.988188
COP 4347.78517
CRC 532.440573
CUC 1.169933
CUP 31.003212
CVE 110.704868
CZK 24.388881
DJF 207.92036
DKK 7.47254
DOP 69.720855
DZD 154.93529
EGP 62.729868
ERN 17.548988
ETB 184.029563
FJD 2.567943
FKP 0.864414
GBP 0.863322
GEL 3.141309
GGP 0.864414
GHS 13.115101
GIP 0.864414
GMD 85.40504
GNF 10266.158158
GTQ 8.933748
GYD 244.857725
HKD 9.168352
HNL 31.110961
HRK 7.534715
HTG 153.174282
HUF 361.607371
IDR 20348.92901
ILS 3.439136
IMP 0.864414
INR 111.226541
IQD 1533.144508
IRR 1539631.212056
ISK 143.201928
JEP 0.864414
JMD 184.173151
JOD 0.829464
JPY 184.682625
KES 151.096115
KGS 102.276087
KHR 4694.391883
KMF 492.016789
KPW 1052.943015
KRW 1716.419906
KWD 0.360386
KYD 0.975286
KZT 543.841262
LAK 25709.267542
LBP 104767.458106
LKR 374.520581
LRD 214.740973
LSL 19.586364
LTL 3.454506
LVL 0.70768
LYD 7.424996
MAD 10.817099
MDL 20.200562
MGA 4874.92747
MKD 61.625915
MMK 2456.515107
MNT 4186.728804
MOP 9.447087
MRU 46.732223
MUR 54.928184
MVR 18.08129
MWK 2029.467649
MXN 20.321027
MYR 4.635855
MZN 74.770466
NAD 19.586699
NGN 1600.583006
NIO 43.071819
NOK 10.823022
NPR 178.332598
NZD 1.985475
OMR 0.44984
PAB 1.170423
PEN 4.103136
PGK 5.08921
PHP 71.856096
PKR 326.149487
PLN 4.247967
PYG 7091.62277
QAR 4.277801
RON 5.237322
RSD 117.389838
RUB 88.331824
RWF 1711.280762
SAR 4.390082
SBD 9.389724
SCR 16.35231
SDG 702.546521
SEK 10.83447
SGD 1.492016
SHP 0.873473
SLE 28.838674
SLL 24532.895741
SOS 668.913338
SRD 43.84558
STD 24215.241325
STN 24.529511
SVC 10.24032
SYP 129.313491
SZL 19.582895
THB 38.089479
TJS 10.943006
TMT 4.100614
TND 3.412163
TOP 2.816917
TRY 52.902483
TTD 7.933545
TWD 36.934186
TZS 3044.752832
UAH 51.434039
UGX 4418.315623
USD 1.169933
UYU 47.127504
UZS 14084.94543
VES 572.030029
VND 30796.134036
VUV 138.665702
WST 3.177456
XAF 656.755555
XAG 0.015995
XAU 0.000256
XCD 3.161801
XCG 2.109265
XDR 0.816185
XOF 656.755555
XPF 119.331742
YER 279.17512
ZAR 19.494294
ZMK 10530.825202
ZMW 22.09086
ZWL 376.717798
  • CMSD

    0.0400

    23.29

    +0.17%

  • CMSC

    0.0099

    22.88

    +0.04%

  • BCC

    -2.2000

    72.13

    -3.05%

  • RBGPF

    1.6000

    64.7

    +2.47%

  • GSK

    -0.5200

    50.38

    -1.03%

  • NGG

    0.1400

    87.64

    +0.16%

  • RIO

    1.8700

    100.5

    +1.86%

  • AZN

    -2.2200

    181.24

    -1.22%

  • BCE

    0.1700

    24.1

    +0.71%

  • RELX

    -0.2000

    36.16

    -0.55%

  • RYCEF

    -0.0200

    16.33

    -0.12%

  • JRI

    0.1100

    13.04

    +0.84%

  • VOD

    -0.3100

    15.74

    -1.97%

  • BP

    -0.4400

    46.5

    -0.95%

  • BTI

    1.0500

    59.4

    +1.77%

UK to beef up its emissions cuts as it bids to be 'climate leader'
UK to beef up its emissions cuts as it bids to be 'climate leader' / Photo: Alexander NEMENOV - AFP

UK to beef up its emissions cuts as it bids to be 'climate leader'

The UK will aim to reduce greenhouse gas emissions by 81 percent on 1990 levels by 2035, Prime Minister Keir Starmer announced Tuesday, as his government ramps up its ambitions to help curb climate change.

Text size:

The new target is the latest policy change in this area by Starmer's new Labour government, which took power in July.

It follows criticism that the previous Conservative administration under Rishi Sunak was failing to deliver on the so-called green agenda. Ex-prime minister Boris Johnson had committed in 2021 to curb such emissions by 78 percent over the same period compared to 1990.

Starmer unveiled the revised target at the start of the COP29 climate conference in Baku, Azerbaijan, where he is one of the only G20 leaders to show up.

The summit has been overshadowed by the re-election in the United States of longtime climate change sceptic Donald Trump, as well as new warnings that 2024 is on track to break temperature records.

Starmer said Britain was "building on our reputation as a climate leader" and that it has "a critical role to play".

"I've had a series of meetings here at COP this week because this government recognises that the world stands at a critical juncture in the climate crisis," he said.

"There is no national security, there is no economic security, there is no global security without climate security."

- 'Feasible' -

Sunak faced criticism for a series of moves during his 20-month tenure which were seen as backpedalling on the UK's climate commitments.

They included delaying the shift to electric cars and granting a flurry of controversial new oil and gas licences.

Labour won the July general election vowing to be more ambitious, promising among other things to decarbonise the UK's electricity grid by 2030.

It has since ended an effective Tory ban on new onshore wind projects and ended new oil and gas exploration licences in the North Sea.

The new government has also closed the UK's last coal power plant, prompting Starmer to proclaim Tuesday that Britain was the "first G7 economy to phase out coal power".

The Climate Change Committee (CCC), the UK's top advisory body on the issue, warned shortly after Labour took power that it must act "fast" to put the country back on track to meet its climate goals.

Piers Forster, its interim head, welcomed Tuesday's new "Nationally Determined Contribution", or NDC, target for 2035 as "showing climate leadership".

"Our analysis shows that this is a feasible target that will support jobs and investment," he said, adding it was "informed by the latest science, technological developments, and the UK’s national circumstances".

- 'Ahead of the game' -

Appearing mindful of accusations of being overly interventionist, Starmer insisted his ministers were not going to "start telling people how to live their lives" to meet the goal.

"We're not going to start dictating to people what they do," he added.

However, the UK leader reiterated his view that "inaction and delay" on climate change were not an option.

"Make no mistake, the race is on for the clean energy jobs of the future, the economy of tomorrow," he said.

"And I don't want to be in the middle of the pack. I want to get ahead of the game."

Various environmental groups cautiously welcomed the new 2035 target.

Friends of the Earth's head of campaigns, Rosie Downes, called it "a step in the right direction but (that it) must be seen as a floor to the level of ambition not a ceiling".

"Deeper, faster cuts are needed to help avert the climate collision course we are on," she added.

Meanwhile Forster noted a target was "only as meaningful as the delivery against it".

"We need to see further urgent action to speed up deployment of low-carbon solutions such as electric vehicles, heat pumps and tree planting," he added.

(P.Werner--BBZ)