Australian
Monday 27/4/2009 Page: 25
Britain's Chancellor of the Exchequer, Alistair Darling, delivered what he branded as the world's first carbon budget last week, a compendium of initiatives that included increased funding for renewable energy projects, particularly offshore wind, and a legally binding target to cut Britain's carbon emissions by 34% below 1990 levels by 2020. It may increase this target depending on the outcome of climate change negotiations in Copenhagen in December.
But the most striking initiative came from Climate Change Secretary Ed Miltiband, who introduced regulations banning the construction of any new coal-tired power plants unless they could prove they could capture and bury 25% of their greenhouse emissions from day one, and all of their emissions from 2025. Britain, like Australia and the US, aims to become a world leader in carbon capture and storage and hopes this initiative will increase the focus on the issue.
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