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Assessing the carbon risk of Election 2010
Tue 04 May 2010
While climate change hasn’t taken centre stage in the election campaign, debates regarding the efficacy of various party’s climate change policies have occasionally made their way into the news. So whose policies expose us to the greatest risk? Best Foot Forward has assessed the carbon risk associated with each of the major political party’s carbon emissions reduction targets to 2050. The results highlight some stark contrasts between the main parties. Risk varies between £296bn for the Green Party and £1,027bn for UKIP (who have no targets for emissions reduction), with Labour (£541bn), the Conservatives (£541bn) and the Liberal Democrats (£491bn) holding the middle ground.
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This research measures the risk retained within the UK economy by the various party’s targets using the government’s own methodology for carbon pricing. The slower or lower the abatement levels, the higher the level of risk retained within the economy. But the question remains, what is a reasonable level of carbon risk, and how much should we be investing to abate carbon? For more information see our short report.
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