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A report detailing the practical steps to reducing carbon dioxide emissions in accordance with newly-passed legislation is to be published today.
Building a Low Carbon Economy, written by the Committee on Climate Change (CCC), is expected to highlight the role of renewables, cleaner vehicles and carbon capture and storage (CCS) technology for coal-burning plants.
It was the CCC that originally helped convince the government to raise the target for cutting carbon emissions from 60 per cent to 80 per cent by 2050.
Lord Turner, who helped the recent Climate Change Act through the House of Lords, is also the chair of the committee.
He claimed that the government should be aiming to cut greenhouse gasses by a fifth by 2020 and calculated the cost of achieving this.
"The reductions can be achieved at very low cost (an estimated one per cent loss of GDP growth in 2020). The cost of not achieving the reductions at a national and global level will be far greater," he said,the BBC reported..
Lord Turner added that while new coal plants may be necessary, new ones should only be built if there is a "clear expectation and certainty" that they could be equipped with CCS technology in the 2020s.
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