This report finds that the Government is only on track to meet its first carbon budget because of the impact of the recession. There is now a worrying shortfall in delivery; UK emissions are currently falling by only about 1 per cent per year, instead of the 2-3 per cent per year which is needed. The management of the carbon budget is as vital as that of the fiscal budget and requires the same level of political attention, civil service commitment, and parliamentary scrutiny. Although the scientific case for more stringent targets is growing, the Government should focus on making more rapid progress against its existing budgets. The Government must first deliver the carbon savings promised in its Low Carbon Transition Plan, then urgently bring forward new measures to increase the rate at which emissions are falling to 2-3 per cent per year and then move to tighten carbon budgets and increase the 2020 target for reducing emissions to a cut of 42 per cent on 1990 levels by 2020. The Committee is also calling on the Government to: work in international climate negotiations on getting emissions to peak as soon as possible; secure competitive advantages for the UK in emerging markets for low-carbon technologies by being prepared to move unilaterally; monitor the latest science and start planning the options available for reducing emissions further and faster in case the scale of the crisis demands bigger cuts; put the right regulatory framework in place to ensure that we do not wrongly invest in high-carbon infrastructure.

Balancing Greenhouse Gas Budgets: Accounting for Natural and Anthropogenic Flows of CO2 and other Trace Gases provides a synthesis of greenhouse gas budgeting activities across the world. Organized in four sections, including background, methods, case studies and opportunities, it is an interdisciplinary book covering both science and policy. All environments are covered, from terrestrial to ocean, along with atmospheric processes using models, inventories and observations to give a complete overview of greenhouse gas accounting. Perspectives presented give readers the tools necessary to understand budget activities, think critically, and use the framework to carry out initiatives. - Written by a combination of experts across career stages, presenting an integrated perspective for graduate students and professionals alike - Includes sections authored by those involved in both early and later IPCC assessments - Provides an interdisciplinary resource that spans many topics and methodologies in oceanic, land and atmospheric processes

Balancing Greenhouse Gas Budgets: Accounting for Natural and Anthropogenic Flows of CO2 and other Trace Gases provides a synthesis of greenhouse gas budgeting activities across the world. Organized in four sections, including background, methods, case studies and opportunities, it is an interdisciplinary book covering both science and policy. All environments are covered, from terrestrial to ocean, along with atmospheric processes using models, inventories and observations to give a complete overview of greenhouse gas accounting. Perspectives presented give readers the tools necessary to understand budget activities, think critically, and use the framework to carry out initiatives. Written by a combination of experts across career stages, presenting an integrated perspective for graduate students and professionals alike Includes sections authored by those involved in both early and later IPCC assessments Provides an interdisciplinary resource that spans many topics and methodologies in oceanic, land and atmospheric processes

This report by the Environmental Audit Committee welcomes the Government's decision to set the fourth carbon budget - required under the Climate Change Act - at the level recommended by the independent Committee on Climate Change. But it questions the Government's decision to announce a review of this budget in 2014 in response to fears that it could be bad for business. The MPs warn that the prospect of a review could weaken investor confidence in low-carbon industries as it creates uncertainty about the future trajectory of emissions reductions. In setting the fourth carbon budget, the Government announced that it would bring forward a package of measures to help energy intensive industries most at risk of so-called 'carbon leakage'. There should be a robust sector-by-sector assessment of whether jobs and production could be displaced by the UK's carbon budgets. The 2014 review could ease the budget if the UK's emissions reduction trajectory is steeper than that required by the EU's Emissions Trading System. However, the recommended carbon budgets should be regarded as an absolute minimum - less ambitious budgets would make the UK's 2050 climate change targets harder and more costly to achieve. The MPs strongly support the mandatory emissions reporting by business in order to aid transparency and illustrate the contributions that companies are making. The report also criticises Ministers for dropping plans to require Government Departments and Local Authorities to budget for the carbon emissions produced by their policies and operations.

Accompanying CD-ROM contains full text of book and appendixes. Cf. menu frames of CD-ROM.

The UK's existing carbon budgets represent the minimum level of emissions reduction required to avoid a global 2 degrees temperature rise - regarded as a dangerous threshold - and the UK's leading climate scientists do not believe loosening the budgets is warranted. The current (2008-2012) and second (2013-2017) carbon budgets will be easily met because of the recession. But the UK is not on track to meet the third (2018-22) and fourth budgets (2023-2027), because not enough progress is being made in decarbonising transport, buildings and heat production. The Government's Carbon Plan - which set milestones for five key Government Departments to cut carbon - is out of date without any quarterly progress reports published yet. The Green Deal has also had low take-up rates so far. The Government should set a 2030 decarbonisation target for the power sector now, rather than in 2016 as the Energy Bill sets out. The Government should also reconsider placing a statutory duty on local authorities to produce low-carbon plans for their area. The current low-carbon price in the EU ETS - the result of the economic downturn of recent years and over-allocation of emissions permits - also means that that scheme will not deliver the emissions reductions envisaged when the fourth carbon budget was set. Without any tightening of the EU ETS increased pressure will therefore be placed on the non-traded sector, which will have to produce further emissions reductions to cover the emerging gap left by the traded sector