As of 2023, the UK emitted 150.0 metric tons of CO2 equivalent per USD in the total economy. Forecasts anticipate a decline to 140.0 in 2024, representing a year-on-year decrease of approximately 6.67%. Emissions are projected to continue reducing to 130.0 in 2025, with a stagnant phase expected until 2027. By 2028, emissions may fall to 120.0, indicating consistent progress in reducing greenhouse gases, with a compound annual growth rate (CAGR) of roughly -4.35% over these five years.
Future trends to watch for:
- The impact of technological advancements in renewable energy and their role in further emission reductions.
- Policy changes post-2024 could accelerate or hinder progress towards emission goals.
- Economic factors influencing energy consumption and emissions efficiency improvements.