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Review of carbon budgets criticised by government watchdog

The government’s plan to review carbon budgets set for the UK in 2014 undermines certainty on the UK’s commitment to those budgets, Parliament’s green watchdog the Environmental Audit Committee has warned.

A new report by the Environmental Audit Committee has said that the planned 2014 review of carbon budgets could weaken investor confidence in low-carbon industries.

However, chancellor George Osborne insisted that the UK should cut its carbon emission at the same rate as the rest of the European Union, and said the 2014 review allows the government to alter its policies accordingly.

Energy secretary Chris Huhne confirmed the fourth carbon budget in May — limiting UK greenhouse gas emissions between 2023 and 2027 to 50% of 1990 emissions — as recommended by independent government advisory body the Committee on Climate Change.

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