On 17 May, the British govt announced plans to cut emissions by 50% on 1990 levels by 2025.
The Press Release quoting the PM and energy and climate secretary is here: http://www.decc.gov.uk/en/content/cms/news/pn11_41/pn11_41.aspx
and an excerpt follows. This has got to be good news for CFU.
A limit on the total amount of greenhouse gases to be emitted by the UK between 2023 to 2027 has been proposed to cut Britain�s emissions by 50% from 1990 levels and highlighting the Government�s commitment to being the greenest government ever.
Today's proposal, set out by Energy and Climate Change Secretary Chris Huhne, is in line with advice from the independent Committee on Climate Change. It sets a fourth carbon budget of 1950 MtCO2e for the period that will span from 2023 to 2027, putting the UK on course to cut emissions by at least 80% by 2050. The carbon budget will place the British economy at the leading edge of a new global industrial transformation, and ensure low carbon energy security and decarbonisation is achieved at least cost to the consumer.
CFU Price at posting:
10.8¢ Sentiment: Hold Disclosure: Held
