2. Carbon budgets……deliver incremental cuts Carbon budgetsare 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 ChangeCommittee On Climate Change 3rd Progress Report - Emissions increased by 3% - Underlying trend is flat - Need increase rate of GHG reduction
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 Strategies Sir Brian Hoskins - Director of the Grantham Institute for Climate Change Professor Julia King - Vice-Chancellor of Aston University Lord Robert May – previously Chief Scientific Adviser to the UK Government Professor Jim Skea - Research Director at UK Energy Research Centre