Fuel Oil News July 2019 | Page 19

Understanding the UK’s Clean Growth Strategy Inside Out THE UK WAS THE FIRST COUNTRY IN THE WORLD TO SELF-IMPOSE A LEGALLY BINDING CARBON REDUCTION TARGET The UK’s 2008 Climate Change Act sets a framework for legally binding five-year carbon budgets. This constitutes a series of staging posts towards a long-term goal of cutting greenhouse emissions to 80% below 1990 levels by 2050. In the period from 1990 to 2017, emissions reductions of 42% were achieved vs. total economic growth of 66% – this was a better emissions’ reduction record than any other G7 nation and also the best overall economic growth rate of the group over this period. The UK outperformed the target emissions reductions of the first carbon budget (2008 to 2012) by 1%, while projecting to outperform against the second and third budgets, covering the years 2013 to 2022, by almost 5% and 4% respectively – set against expected economic growth of 12 % over that time . Published in November 2017, the Clean Growth Strategy covers the fourth and fifth carbon budgets, spanning 2023-2027 and 2028-2032, by when the UK must cut its greenhouse gas emissions to 57% below 1990 levels. Key features of the UK’s Clean Growth Strategy Looking to accelerate the pace of clean growth by decreasing emissions while, at the same time, boosting economic growth, there are two guiding objectives underpinning the Clean Growth Strategy.   To meet domestic commitments at the lowest possible net cost to UK taxpayers, consumers and businesses. To maximise the social and economic benefits for the UK from this transition. For this vision to become a reality, the government has committed to rolling out lower-carbon processes, systems and technologies, doing so in the most cost-effective way possible for businesses and homes alike. The strategy’s focus is on SIX KEY AREAS which account for the totality of the UK’s carbon emissions.  IMPROVE BUSINESS AND INDUSTRY EFFICIENCY (25% OF UK EMISSIONS) The focus of this initiative is the development of a package of measures to support businesses to improve their energy productivity, by at least 20% by 2030. Following the outcome of the independent review of building regulations and fire safety, and subject to its conclusions, to consult on improving the energy efficiency of new and existing commercial buildings • Consulting on raising minimum standards of energy efficiency for rented commercial buildings • Exploring how voluntary building standards can support improvements in the energy efficiency performance of business buildings, and how to improve the provision of information and advice on energy efficiency to SMEs • Simplifying the requirements for businesses to measure and report on energy use, to help identify where bills can be cut Other measures include demonstrating international leadership in carbon capture usage and storage (CCUS), by collaborating with global partners and investing up to £100 million in leading edge CCUS and industrial innovation to drive down costs. Working in partnership with industry, through a new CCUS Council, so as to be on a path to meet the ambition of having the option of deploying CCUS at scale in the UK, and to maximise its industrial opportunity. Phasing out the installation of high carbon forms of fossil fuel heating in new and existing businesses off the gas grid during the 2020s, starting with new builds.   Key transport initiatives • • • IMPROVE THE ENERGY EFFICIENCY OF OUR HOMES (13% of UK EMISSIONS) Key initiatives will be to support a £3.6 billion of investment to upgrade around a million homes through the Energy Company Obligation (ECO), and extend support for home energy efficiency improvements until 2028 at the current level of ECO funding, and to offer all households the opportunity to have a smart meter to help save energy by the end of 2020. ACCELERATE THE SHIFT TO LOW-CARBON TRANSPORT (24% of UK EMISSIONS) • • Ending sales of new conventional petrol and diesel cars and vans by 2040/2030 Spending £1 billion to support the take-up of ultra-low emission vehicles and helping consumers to overcome the upfront cost of an electric car Developing one of the best electric vehicle charging networks in the world by investing an additional £80 million, alongside £15 million from Highways England for charging infrastructure deployment Accelerating the uptake of low emission taxis and buses Investing £1.2 billion to make cycling/ walking the natural choice for shorter journeys with around £841 million of public funds invested in innovation in low carbon transport technologies and fuels   Continued on page 20 Fuel Oil News | July 2019 19