Decarbonization [New] Aviation is a key contributor to climate change - making up 2.4% of global emissions And, if past trends continued, emissions would be expected to triple by 2050. [New] The IEA has warned that, while carbon emissions will likely decline this year, in the medium term the coronavirus outbreak could slow down the low carbon transition, as green investments are put on hold by cash-strapped governments and businesses. [New] More enforcement is now feeling inevitable, with Manhattan recently bringing in a local law that mandates the reduction in carbon emissions in New York City's largest buildings by 40% by 2030 and 80% by 2050. [New] Any delay in reducing emissions results in an ever steeper pathway to net-zero by 2050. [New] The International Energy Agency has warned that, while carbon emissions will likely decline this year, in the medium term the coronavirus outbreak could slow down the low-carbon transition as green investments are put on hold by cash-strapped governments and businesses. [New] The UK has already cut carbon emissions by more than any other G7 country and in 2019 was the first major economy to legislate for a target of net-zero greenhouse gas emissions by 2050. [New] Through the modelling conducted by E4Tech, the ramp-up of sustainable aviation fuel production in the UK could give greenhouse gas (GHG) emissions savings of up to 2.8 million tonnes CO2e in 2035 in 2035 compared to a business-as-usual scenario where no sustainable aviation fuel is produced. [New] The EU Emissions Trading System has for many years included aviation CO2 emissions within its scope, while the CORSIA scheme, 18, 19 agreed by the International Civil Aviation Organization (ICAO) will commence its pilot phase in 2021. [New] SAFs have the potential to reduce UK emissions in 2050 by at least 30%, and offer at least 70% lifecycle reduction in carbon emissions compared to current fossil fuels. [New] Our world-leading climate change legislation sets a target date for net-zero emissions of all greenhouse gases by 2045. [New] Net Zero by 2050 is possible if the UK supports innovation and scale-up across three essential areas - Low Carbon Technology, Land Use and Lifestyle. [New] The overall impact of a carbon tax of £ 50/tCO 2 in 2020 and £ 75/tCO 2 in 2030 on UK households, without redistribution of tax revenues, is regressive. [New] For 2030, the carbon price for countries with a current carbon price is either based on actual projections or on the growth rate of the EU ETS over the last 10 years. [New] 2030 UK households in the highest income decile will on average emit 3.7 times more carbon dioxide-equivalent than decile 1 and earn 9.4 times as much money. [New] A carbon tax consistent with net-zero emissions by 2050 would start at £50 per tonne of carbon dioxide. [New] Aggregate - level Carbon tax - A £ 50/tCO 2 carbon tax is introduced in 2020 increasing to £ 75/tCO 2 in 2030, as per earlier recommendations published by the Grantham Research Institute to achieve net-zero emissions in 2050. [New] A new report supports offshore wind development as a tool to decarbonise the power sector and enable the UK government to meet its goal of net zero greenhouse gas emissions by 2050. [New] The NDC reaffirms the Marshall Islands' aspiration to achieve net-zero emissions by 2050. [New] In line with the 2015 Paris agreement, Singapore pledged to reduce carbon emission intensity by 36% from 2005 levels by 2030. [New] The IFS warned that a UK strategy for achieving net-zero carbon emissions by 2050 was desperately required. Global greenhouse gas emissions must be slashed by almost half from recent levels by 2030 and reach net-zero by mid-century to avoid the most dangerous and costly impacts of climate change. A new target date of 2045 was set, by which Scotland will be a net-zero contributor to global emissions, whilst new, more ambitious interim targets of reducing emissions by 75% and 90% in 2030 and 2040 respectively were also agreed. See full forecast Last updated: 29 March 2020 Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No Hi, Would you like a quick online demo of our service from an experienced member of our team? Yes No
