Great Britain sets 87% emissions reduction target for 2038-2042 period

LONDON: Britain ​on Tuesday set out a target to reduce emissions by around 87% ‌in the ⁠period ⁠2038 to 2042, down from baseline ​levels set in 1990.

The target confirms the ​Labour Party government's commitment to producing energy from cleaner sources - something ​it says helps insulate ⁠the country ‌from fossil fuel ​price ​volatility, builds an industry that ⁠benefits the economy and is ​consistent with international ambitions to limit ​rising global temperatures.

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"As Britain faces the second fossil fuel shock of the decade, the only way to protect family ‌and business finances is to drive for clean homegrown ​power that ​we ⁠control," energy minister Ed Miliband said in a statement.

The government said the plan ​for delivering the reduction would be published as soon as possible once parliament had approved the target.