UK government announces new climate goals at COP29, including reducing emissions by 81% by 2035, as Prime Minister calls on other countries to bring forward ambitious targets
- New UK target to reduce emissions by 81% by 2035 at COP29 in Azerbaijan
- targets support government’s clean energy superpower mission to give Britain more security, deliver jobs and economic growth
- Prime Minister calls for others to come forward with ambitious targets
Tackling the climate crisis is essential to our national energy security, economic growth, and our efforts to protect current and future generations, the UK government said as it unveils the UK’s new climate goals at the COP29 Summit in Baku, Azerbaijan.
Yesterday’s announcement will strengthen the UK’s position as a place for investment in the technologies and jobs that are driving growth across the world.
There are 640,000 green jobs in the UK, growing at a rate 4 times faster than overall UK employment.
To support the industry the government has announced a significant investment programme in homegrown British energy – including renewables, carbon capture and storage, nuclear and hydrogen.
The UK’s reliance on fossil fuels has also been felt by every family and business in the last few years with the worst cost of living crisis in memory, driven by energy price spikes from international gas markets.
That’s why the government’s mission is to tackle the climate crisis in a way that makes the British people better off by investing in clean homegrown power and unlocking thousands of jobs, having already seen £34.8 billion of private investment into the UK’s clean energy industries since July.
This ambitious and pragmatic new target supports the UK’s mission for growth, helping to attract further investment and jobs in low carbon technologies such as solar and wind, electric vehicles and batteries.
Energy Secretary Ed Miliband said: “The only way to protect current generations is by making Britain a clean energy superpower, and the only way to protect future generations is by tackling the climate crisis.
“Britain is back in the business of climate leadership, with an ambitious new target that will protect our environment, deliver energy security and restore our global climate reputation.
“We will cut emissions across the country, delivering for our environment and ending our exposure to spiking fossil fuel markets.”
This ambitious and pragmatic new target – in line with the recommendation from the Climate Change Committee and previously legislated and legally-binding Carbon Budgets for the same period.
The target forms what is called the UK’s Nationally Determined Contribution (NDC): commitments that countries make to reduce their greenhouse gas emissions to mitigate climate change. It is aligned to 1.5C.
The UK has called for other countries to match the UK’s ambition to address the urgency of climate change, following stark warnings from the United Nations that the world is way off track to limit global temperature rises to 1.5C.
Since July the government has:
- lifted the ban on onshore wind in England
- delivered a record number of clean energy projects through its renewables auction
- consented unprecedented amounts of nationally significant solar – 2GW – more than the last 14 years combined
- launched Great British Energy backed by £8.3 billion to speed up the deployment of clean technologies
- fired the starting gun on the UK’s carbon capture, usage and storage industry, with funding agreed for 2 clusters in Teesside and the North West
Globally, the costs of renewables continue to fall, with solar and wind now cheaper than existing coal and gas power plants in most of the world.
Recent analysis from the International Energy Agency found that in 2023 for every $1 spent on fossil fuels, $1.7 was spent on clean energy. Global energy investment is set to be over $3 trillion in 2024, with $2 trillion of this on clean energy technologies and infrastructure.
Prime Minister Keir Starmer’s National Statement at COP29 in Baku, Azerbaijan yesterday:
The United Kingdom is determined to stand alongside those countries on the frontline of the climate crisis today…
And to seize the opportunities of tomorrow.
Because action on climate now is the route towards economic growth…
Energy security…
Better jobs….
And national security in the long term.
To deliver on the Paris Agreement…
And keep 1.5 degrees within reach.
In the first 100 days of my government…
We launched Great British Energy – to create clean British power…
We created a National Wealth Fund – to invest in the green industries and jobs of the future…
We scrapped the ban on onshore wind…
Committed to no new North Sea oil and gas licences….
And closed the UK’s final coal power plant at the end of September – becoming the first G7 economy to phase out coal power.
In line with the international agreement at COP28 to transition from fossil fuels…
and the UK’s ambitious goal to be the first major economy to deliver clean power by 2030.
Today I can confirm – three months ahead of deadline…
The UK’s 2035 international target –
Our nationally determined contribution –
to reduce all greenhouse gas emissions by at least 81% on 1990 levels….
Aligned with 1.5 degrees.
And we urge all Parties –
To come forward with ambitious targets of their own…
As we all agreed at the last COP.
We will work in partnership…
to support other countries to develop their own commitments…
And transition through our forthcoming Global Clean Power Alliance –
And finance will be its first focus.
We will honour the commitment made by the previous government…
to provide £11.6 billion in of climate finance between April 2021 and March 2026….
But we must use public finance as a multiplier…
To unlock much more private investment…
And reform our international financial institutions.
Today we launch the new CIF Capital Market Mechanism, listed on the London Stock Exchange…
With the potential to mobilise up to $75 billion…
in additional climate capital for developing countries over the next decade.
Putting the UK’s role as a global financial centre…
at the service of driving the green finance and green energy transitions.
Climate action is at the heart of this government’s mission for the protection and prosperity of Britain and the world.
Writ large across our domestic and international priorities…
We are taking the urgent action needed – to protect our planet and its people.
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