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<p>The UK over-achieved against the first and second carbon budgets, and the latest projections show that it is on track to meet the third. The UK has halved its emissions, ahead of every other major economy.</p><p> </p><p>The transitions set out in the Net Zero Strategy for every sector of the UK economy keep it on track for Carbon Budgets 4, 5 and 6, the 2030 Nationally Determined Contribution, and net zero by 2050.</p><p> </p><p>A main driver of energy costs for consumers are movements in international gas prices. Prices have come down continually over the last 12 months, and the Default Tariff Cap is currently £1,928, which is less than half the level of this time last year when it reached £4,279 at the peak of the energy crisis. The Government is developing more home-grown sources of energy supply – including renewables – to reduce exposure to volatile international markets which, along with energy efficiency support for consumers, will help reduce energy costs.</p> |