Building a low-carbon economy –
the UK’s contribution to tackling climate change
COnTEnTS
Foreword  v
The CCC   vii
Acknowledgments  ix
Executive summary  xiii
Part I: The 2050 target  3
1.  Setting a 2050 target  7
2.  Meeting a 2050 target  35
Part II: Setting and meeting the irst three budgets  89
3.  The irst three budgets: summary analysis and recommendations  93
4.  Carbon markets and carbon prices  145
5.  Decarbonising electricity generation  173
6.  Energy use in buildings and industry  211
7.  Reducing domestic transport emissions  251
Part III: Extending the carbon budget framework?  301
8.  International aviation and shipping  305
9.  Non-CO  greenhouse gases  335
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Part IV: Wider economic and social considerations  365
10.  Competitiveness challenges and opportunities  369
11.  Economic costs and iscal implications  383
12.  Fuel poverty implications  395
13.  Energy security of supply  415
14.  Differences in national circumstances  433
Part V: Synthesis and recommendations  463
Glossary   467
Abbreviations  476