The organisation’s latest analysis on the UK’s shrinking carbon footprint, published today (4 February), revealed that progress regarding emissions reductions over the past ten years has remained steady, despite a period of decreased investment in low-carbon technologies following the financial crash of 2008.
Overall, it claims, the UK has reduced its total carbon footprint by 38% since 1990, a slight increase on the 37% reduction recorded in 2016. According to official Government figures, the UK’s total carbon footprint stood at 600m tonnes of CO2 (MtCO2) in 1990 and 367MtCO2 in 2017.
The shift away from coal power generation has been the key driver of this decarbonisation, Carbon Brief claims, accounting for 36% of the reduction. Within the past 27 years, coal has gone from accounting for 67% of the UK’s energy mix to just 5%, the analysis states, as more renewable and nuclear arrays have come online
Gresham House plc (LON:GHE) is an AIM quoted specialist asset manager providing funds, direct investments and tailored investment solutions, including co-investment across a range of highly differentiated alternative investment strategies.