United Kingdom Tag

Brexit has come as a shock to the UK and the world. UK’s decision to leave the EU is shaking up markets and will have wide-ranging impacts across all industries. Energy included. Speculations have been flying about how the UK carbon budget commitments might be affected. In the midst of this post-Brexit uncertainty, and less than one week after the referendum, the UK Government announced its approval of the fifth carbon budget. This announcement means that the UK accepts the Committee on Climate Change’s recommendations to reduce emissions by 57% below 1990 levels between 2028 and 2032. But…what does this mean for the energy industry? Are you up to speed on the fifth carbon budget? Do you know how could it impact your ESCO business in the UK? Let’s take a closer look to better understand the UK’s carbon budget.