Welcome to Carbon Brief’s DeBriefed. An essential guide to the week’s key developments relating to climate change.

This week

UK proposes new emissions target

‘ON COURSE’: The UK government has proposed reducing the country’s greenhouse gas emissions to 87% below 1990 levels by 2040, reported the Associated Press. The newswire cited scientists saying that the goal “puts the UK on course to meet its 2050 net-zero target”. To meet this target, the UK would “need to invest around £880bn over 25 years…but doing so would yield benefits worth £1,620bn”, according to an in-depth analysis of the plans by Carbon Brief.

UPCOMING ‘FLASHPOINT’: The Financial Times noted that, for the target to become “legally binding”, it must be approved by parliament. While the UK’s previous carbon budget “received cross-party support”, this time the proposal is “expected to become a flashpoint among lawmakers”, it added, with both the Conservatives and Reform pledging to “scrap” net-zero policies.