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The impact of uncertainties on the UK's medium-term climate change targets

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  • Watson, Jim
  • Gross, Rob
  • Ketsopoulou, Ioanna
  • Winskel, Mark

Abstract

The UK is committed to ambitious medium- and long-term climate change targets, including a commitment to an 80% reduction in emissions from 1990 levels by 2050. Whilst emissions have fallen significantly since 1990, further reductions will be increasingly difficult to achieve. The government has agreed carbon budgets to the late 2020s that are consistent with the long-term 80% target. However, increasing energy prices since the mid-2000s and the 2008 financial crisis have led to cracks in the political consensus in support of these budgets and targets.

Suggested Citation

  • Watson, Jim & Gross, Rob & Ketsopoulou, Ioanna & Winskel, Mark, 2015. "The impact of uncertainties on the UK's medium-term climate change targets," Energy Policy, Elsevier, vol. 87(C), pages 685-695.
    • Handle: RePEc:eee:enepol:v:87:y:2015:i:c:p:685-695
    DOI: 10.1016/j.enpol.2015.02.030
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    References listed on IDEAS

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    Cited by:

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    2. Li, Francis G.N. & Trutnevyte, Evelina, 2017. "Investment appraisal of cost-optimal and near-optimal pathways for the UK electricity sector transition to 2050," Applied Energy, Elsevier, vol. 189(C), pages 89-109.
    3. Onifade, Temitope Tunbi, 2016. "Hybrid renewable energy support policy in the power sector: The contracts for difference and capacity market case study," Energy Policy, Elsevier, vol. 95(C), pages 390-401.
    4. Vijay, Avinash & Fouquet, Nicolas & Staffell, Iain & Hawkes, Adam, 2017. "The value of electricity and reserve services in low carbon electricity systems," Applied Energy, Elsevier, vol. 201(C), pages 111-123.
    5. Zeyringer, Marianne & Fais, Birgit & Keppo, Ilkka & Price, James, 2018. "The potential of marine energy technologies in the UK – Evaluation from a systems perspective," Renewable Energy, Elsevier, vol. 115(C), pages 1281-1293.
    6. Wegner, Marie-Sophie & Hall, Stephen & Hardy, Jeffrey & Workman, Mark, 2017. "Valuing energy futures; a comparative analysis of value pools across UK energy system scenarios," Applied Energy, Elsevier, vol. 206(C), pages 815-828.
    7. Nahmmacher, Paul & Schmid, Eva & Pahle, Michael & Knopf, Brigitte, 2016. "Strategies against shocks in power systems – An analysis for the case of Europe," Energy Economics, Elsevier, vol. 59(C), pages 455-465.

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