UK’s Carbon Budget 2010 Is Gone With The Wind

UK’s Carbon Budget 2010 Is Gone With The Wind

Posted on 24. Mar, 2010 by Ross in Government Policy, United Kingdom

A new green investment bank and a new port to service offshore wind farms are some of the only measures announced as part of UK Chancellor of the Exchequer Alistair Darling’s second Carbon Budget, which includes a weaker public sector commitment to emissions cuts than is expected of the private sector.

Last year saw the creation of the world’s first national carbon budget, separate from the traditional economic Budget but announced in the same parliamentary session, which dealt with the UK’s carbon emission projections and the measures necessary to meet agreed national targets.

Amid news that the UK was on target to meet its 2020 commitment of a 34% reduction of greenhouse gases from 1990 levels, 2010’s Carbon Budget was so constrained by the wider economic recession that it was barely mentioned as a concept. Unlike 11 months ago when the inception of the Carbon Budget was widely trumpted, the lack of support for existing programmes left the Treasury almost too embarrassed to separate the budget once again.

Carbon Budget 2010 in Focus:

The Carbon Budget was not totally bereft of content, though, and most eye-catching of the new innovations was the inception of a new UK green investment bank. Seeded with

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