1. Philip Pearson www.tuc.org.uk

3. 2008 Climate Change Act  Legally binding targets ◦ 34% cut in CO2 emissions 2020 ◦ 60% by 2030 ◦ 80% 2050  Independent Committee on Climate Change ◦ 4 x 5-year Carbon Budgets

4.  2012: 574 MtCO2e  2030: 310 MtCO2e ◦ = 60% reduction on 1990. ◦ = 46% reduction over the next 20 years ◦ = 62% cut 2030 -2050 to meet 2050 target.

5.  Energy supply: energy mix and CO2 intensity  Surface transport: road Domestic Energy Efficiency Industrial Energy Efficiency

6.  Power = 25% UK greenhouse gases  £110bn investment needed  C02 target for 2013 Energy Act: ◦ 2030 = C02 intensity 50-100g ◦ 2012 = 500g CO2 KWH

8. Source: Elexon – bmreports.com

9. PolicyRisk  2020 RE target: 15% energy/30% electricity  CCS [4 pilots] for coal & gas &industry  Coal plant closures  New nuclear  “dash for gas”  Green Investment Bank  EU = ETS reforms  “Greenest government ever”  RE hostility ◦ Public investment ◦ Balance Regulation vs Market  Austerity > GIB  Lobby ◦ Investors “gaming” ◦ Oil & gas lobby  Anti-EU

11. EnergyIndustry  “Balanced” energy supply – renewables, new nuclear, CCS for coal & gas  Green Investment Bank  CO2 tax/floor price  FITs  No to shale gas  “Green Deal” domestic energy  Greening the workplace  Skills for low carbon economy  Energy intensive industries  CCS – regional networks  On-site power generation  Low carbon vehicle manufacture

12. Yorkshire 60 MT C02 carbon cluster  Regional CCS network: CO2 Sense  Reliable/flexible low carbon energy supply.  “Industrial security”  Low-carbon economy/jobs.  Developing key skills and expertise.  Attracting direct investment.

13. “Carbon price floor”  2020 (£30/tCO2)  2030 (£70/tCO2) “is consistent with longer-term emissions targets and should strengthen incentives for emission reductions.” [CCC]  Recycling revenues?

14. 14 Carbon Revenue Forecast Total revenue between 2013 and 2027 is £64bn (£11bn CPS)

15.  Greening the workplace  Green Economy Council ◦ Energy Intensive Industries Skills ◦ Investment ◦ Energy Roundtable  Social partner initiatives & campaigns ◦ Clean Coal Task Group ◦ Energy Intensive Industries ◦ Renewable energy  www.tuc.org.uk – go to Green Workplaces www.tuc.org.uk