Overview

This bill aims to amend the Climate Change Act 2008, increasing the UK's net carbon emission reduction target from at least 80% to 100% by 2050. The bill requires the Secretary of State to update carbon budgets to reflect this new, more ambitious target.

Description

The bill makes the following key changes to the Climate Change Act 2008:

• Amendment of the 2050 target: Replaces the existing "at least 80%" reduction target with a "100%" reduction target for net carbon emissions by 2050.
• Removal of redundant clauses: Removes sections from the Act that are no longer relevant following the change to the 2050 target.
• Updated Carbon Budgets: Mandates the Secretary of State to update all relevant carbon budgets within six months of the bill becoming law to align with the new 100% target.

Government Spending

The bill itself doesn't directly specify any government spending figures. However, achieving the 100% reduction target will likely necessitate significant investment in renewable energy, energy efficiency measures, and other carbon reduction initiatives. The exact cost will depend on the strategies adopted by the government.

Groups Affected

• Energy sector: The bill will significantly impact energy producers and consumers, likely driving increased investment in renewable energy and potentially influencing energy prices.
• Businesses: Businesses across various sectors will face pressure to reduce their carbon footprints, potentially requiring investment in new technologies and processes.
• Consumers: Consumers may experience changes in energy prices and potentially face higher costs for goods and services due to increased production costs related to carbon emission reduction measures.
• Government: The government will need to implement policies and regulations to support the achievement of the 100% target, leading to increased administrative burdens and potential additional financial outlays.
• Environmental groups: Environmental groups will likely view the bill positively, as it strengthens the UK's commitment to tackling climate change.

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