The UK Government has announced its fifth Carbon Budget under which it proposes to reduce carbon emissions by as much as 57% compared to 1990 levels between 2027 and 2032.

With such a target, the UK Department of Energy and Climate is confident about meeting Climate Change Act target of 80% reduction in carbon emissions by 2050.

A decision like this taken by UK Government is being seen as a welcome sign by RenewableUK.

RenewableUK CEO Hugh McNeal said: "This Government is global leader in tackling climate change. Today’s announcement is especially welcome given the uncertainty caused by last week’s referendum.

"It’s a clear signal that the UK will continue to show bold leadership on carbon reduction. This will allow investment to continue to flow into renewable energy projects throughout the UK".

On the other hand, UK Energy and Climate Secretary Amber Rudd claimed that the UK’s decision to leave European Union will not affect its commitment to clean energy.

Amber Rudd mentioned that it is fundamental to set long-term goals to reduce carbon emissions for a secure, affordable and clean energy infrastructure system which is fit for the 21st century.

She noted that UK is committed in playing its part in reducing climate change that ensures long term economic security and prosperity.

The Committee on Climate Change (CCC) in UK had advised Government of UK to implement the fifth carbon budget in November 2015 and the government has accepted the advice now, a statement from CCC read.

The committee also noted that until now the Government had not considered emissions from international shipping to be included in previous carbon budgets, but it has been included in this budget.

Committee on Climate Change chairman Lord Deben said: "I warmly welcome the Government’s acceptance of the CCC’s advice on the fifth carbon budget.

"Amidst many competing demands it is to their credit that they continue to prioritise efforts to tackle climate change in the UK and internationally. The Government’s commitment to reduce UK emissions by 57% by 2030 will open up opportunities for UK businesses both at home and abroad.

"It also demonstrates the continued broad political consensus to tackle the serious risks posed by climate change."