The UK’s rate of decarbonisation rose higher than other G20 countries in the past year.
Due to the UK’s decline in coal usage and improved energy efficiency, the economy’s carbon intensity fell by 7.7%. The figure is around three times high than the claimed global average which stands at 2.6%.
The UK now generates around 7% of its energy from coal, a reduction of 16% since 2012, whereas renewable energy production has more than tripled after ‘significant’ investment and advancement in wind and biomass technologies.
Overall, the G20 nations carbon intensity stands at 2.9%, ahead of the world’s largest emitter China, who has reduced its own carbon intensity by 6.5%.
Director of Climate Change and LCEI Co-author at PwC, Jonathan Grant stated: “The UK’s success comes down to policies creating a pretty positive investment climate for low carbon technology and the strength of our services sectors.”
“A number of factors have contributed to the low carbon transition in the UK, including cross-party support for tackling climate change, support for energy efficiency in our homes and renewables projects.”
“EU-wide carbon pricing along with the UK’s carbon price floor and institutions like the Green Investment Bank have also helped.”
Claire Perry, Industry and Climate Change Minister says: “The upcoming Clean Growth Plan will outline our ambitious plan for reducing emissions in key sectors, while taking advantage of opportunities to grow the economy throughout the 2020s.”