The Regulatory Landscape of the United Kingdom

A Draft Climate Change Bill was published on 13 March 2007 for pre-legislative perusal and public consultation. The aim is to receive Royal Assent by Spring or early Summer, 2008.

The Bill has set a target date of 2050 for the reduction of targeted greenhouse gas emissions, to provide for a system of carbon budgeting, and to confer authority to establish trading schemes designed to limit greenhouse gas emissions or to encourage activities that reduce such emissions and/or remove greenhouse gas completely from the atmosphere.