Cover IMF Staff Country Reports
United Kingdom: Technical Assistance Report-Public Investment Management Assessment: Climate Change Module
Author:
International Monetary Fund. Fiscal Affairs Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 286
Language:
English
Publication Date:
02 Sep 2022
DOI:
https://doi.org/10.5089/9798400218798.002
ISBN:
9798400218798
ISSN:
1934-7685
Pages:
74
Keywords:
A. climate change framework; B. climate change objective; climate change governance framework; I. climate change; climate change risk priority area; Climate change; Public investment spending; Global
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The UK has one of the most ambitious climate mitigation targets in the world, achieving net-zero emissions by 2050. Long-term emissions reduction targets are legally-binding, there is a well-developed climate change framework including governance frameworks for mitigation and adaptation. Interim national targets or “five-year carbon budgets” are submitted to parliament for approval and there are National Adaptation Programs. The UK has reduced its greenhouse gas (GHG) emissions by 44 percent between 1990 and 2019, but it will likely be exposed to severe climate change risks such as increased flooding.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 286