UK Chancellor George Osborne told the Conservative party conference in Manchester on 3 October that the UK would not be by setting more ambitious climate mitigation targets than the rest of the European Union.
He said that a decade of climate change rules and regulations had contributed to an increase in energy bills. He also added that, as the UK contributed only 2 per cent of global carbon emissions, without action from the US and China, stronger measures from the UK would make little difference to the world’s carbon budget. The US and China contribute 40 per cent of greenhouse gas emissions.
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