John Pearson

Head, Regional Climate Change Network

The Green Economy

The UK Experience

The 2008 Climate Change Act

2008 Climate Change Act

1. Legally-binding targets

• 2020 target - 34% reduction

• 2050 target – 80% reduction

2. Carbon budgets…

…deliver incremental cuts

Carbon budgets are equivalent to a

34% cut in greenhouse gas

emissions in 2020.

....and will be tightened if the

EU moves to 30% – around 42%??

The UK will also cut emissions by

80% by 2050.

3. Committee on Climate Change

3rd Progress Report

- Emissions increased by 3%

- Underlying trend is flat

- Need increase rate of GHG reduction

Committee On Climate Change

A huge challenge ...

We need big changes

Economics of Climate Change

Energy Efficiency in SE Asia

EE can reduce SEA region’s energy bill by US$1.34bn*annually

12*ReEx estimates

Low Carbon Economy

More information…….

www.decc.gov.uk

www.theccc.org.uk

www.adb.org

Energy Efficiency - “Green Deal”

Energy Efficiency

Low Carbon Transport

Congestion Charging

SE Asia could lose 6.7% of GDP by 2100, if non-market impacts and catastrophic

risks are also taken into account.

Extra slide 2 – CCC

Lord Adair Turner (Chair) - Chair of the Financial Services Authority

David Kennedy (Chief Executive - Previously World Bank

Professor Michael Grubb - Chair of the international research network Climate StrategiesSir Brian Hoskins - Director of the Grantham Institute for Climate ChangeProfessor Julia King - Vice-Chancellor of Aston UniversityLord Robert May – previously Chief Scientific Adviser to the UK Government Professor Jim Skea - Research Director at UK Energy Research Centre

Renewable Energy in the UK