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Waste & Recycling October 16, 2017 03:30:20 PM

Report Outlines Roadmap for Transition to Low Carbon Circular Economy

Paul Ploumis
ScrapMonster Author
Greenhouse gas emissions are a global issue which needs to be addressed effectively by all countries simultaneously.

Report Outlines Roadmap for Transition to Low Carbon Circular Economy

SEATTLE (Scrap Monster): The UK Government has presented a new report that outlines various initiatives and strategies aimed at decarbonising all sectors of the UK economy. The “Clean Growth Strategy” Leading the way to a low carbon future” was released after a delay of about two years. According to the UK Government, the report is aimed at achieving zero avoidable waste going to landfill by 2050. The ambitious plan includes potential game-changing proposals regarding waste.

According to the report, the UK was one of the first countries to act on economic and security threats of climate change. The Climate Change Act, passed in 2008 had committed to reduction of greenhouse gas emissions by at least 80% by 2050 when compared with 1990 levels. The UK has achieved 42% cut in emissions since 1990, faster than any other G7 nation. It has outperformed the targeted emissions and reductions of its first carbon budget (2008-2012) by 1%. Also, the UK is projected to outperform the targets against the second (2013-2017) and third (2018-2022) carbon budgets by almost 5% and 4% respectively.

Greenhouse gas emissions are a global issue which needs to be addressed effectively by all countries simultaneously. The UK has played a prominent role through various proactive actions and financial assistance to support projects that tackle climate change. It has accepted climate change as an economic, political and environmental issue.

The new strategy sets out comprehensive set of policies and proposals that are aimed to accelerate the pace of clean growth. The transition aims to meet domestic commitments at the lowest possible net cost to its consumers and businesses by maximizing the social and economic benefits out of it. In order to meet these objectives, the country needs to cultivate and develop cheapest low carbon technologies, processes and systems.

Innovations will result in development of new technologies and drastic reduction in cost of clean technologies. The government has made significant investments amounting to nearly £2.5 billion in low carbon innovations during 2015-2021. Also, it has set up The Energy Entrepreneurs Fund to support state-of-the-art technologies that contribute to low carbon emissions.

The strategy proposes setting up of a Green Finance Taskforce to accelerate clean growth. In addition, it also includes proposals to improve business and industry efficiency, roll out of low carbon heating to improve energy efficiency of homes, accelerate the shift to low carbon transport and deliver clean, smart and flexible power, by promoting natural resources.

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