Nicholas Stern, Alex Bowen and Sam Fankhauser

Apr 23rd, 2009 - guardian.co.uk

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There was much to welcome in Wednesday's budget but many more bold steps towards a low-carbon economy need to be taken over the next few years, as part of a coherent, consistent and credible strategy to tackle climate change.

Most significant was the ground-breaking carbon budget, setting out limits on UK greenhouse gas emissions in future years. The government committed to a reduction of 34% by 2020 compared with 1990, but recognised that this was an interim target. It will ask the Committee on Climate Change to revise the target once the expected international agreement on emissions reductions is reached at the UN climate change conference in Copenhagen in December. The committee has already called for a 42% cut in UK emissions as part of an international agreement.

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