Britain sets 87% emissions reduction target for 2038-2042 period

Britain has set a target to reduce emissions by 87% between 2038 and 2042, aiming to produce cleaner energy and insulate the country from fossil fuel price volatility.

Britain ​on Tuesday set out a target to reduce emissions ‌by around 87% in the period 2038 to 2042, down from baseline levels set in 1990.

The ‌target confirms the Labour Party government's commitment to ‌producing energy from cleaner sources - something it says helps insulate the country from fossil fuel price volatility, builds ⁠an ​industry that ⁠benefits the economy and is consistent with international ambitions ⁠to limit rising global temperatures. “As Britain faces the second ​fossil fuel shock of the decade, the only ⁠way to protect family and business finances is to ⁠drive ​for clean homegrown power that we control," energy minister Ed Miliband said in a ⁠statement.

The government said the plan for delivering the ⁠reduction would ⁠be published as soon as possible once parliament had approved the target.