06 May 2021
This briefing explains what the Sixth Carbon Budget is and the key implications for housing associations.
The Climate Change Committee (CCC) is an independent, statutory body established under the Climate Change Act 2008. Its purpose is to advise the UK and devolved governments on emissions targets and to report to Parliament on progress made in reducing greenhouse gas emissions and preparing for, and adapting to, the impacts of climate change.
The CCC draws up ‘carbon budgets’ (which are also part of the 2008 Climate Change Act) to provide a five-year statutory cap on total greenhouse gas emissions which should not be exceeded, in order to meet the UK’s emission reduction commitments. Taken together, sequential carbon budgets define a cost-effective path towards Britain’s long term climate objective. Each budget is set 12 years ahead of time to provide sufficient long term guidance to investors.
The UK’s Sixth Carbon Budget will run from 2033-2037 and is the most comprehensive advice the CCC have ever produced. It is a blueprint for a fully decarbonised UK.
We have written a briefing for NHF members explaining what the Sixth Carbon Budget is, the key challenges for housing associations and next steps for the sector.