This is the first annual statement of emissions required under section 16 of the Climate Change Act 2008. It sets out the steps taken to calculate the 'net UK carbon account' in respect of 2008 which must not exceed the level of the carbon budget at the end of each budgetary period. This statement shows that, in 2008, net UK emissions were 626.0 million tonnes of carbon dioxide-equivalent (MtCO2e) which was 1.9 per cent less than in 2007. In addition, 19.3 MtCI2e worth of carbon units were bought in 2008 by companies in the UK operating under the EU emissions trading system. Taking into account these carbon units, the net UK carbon account in 2008 was 606.7 MtCO2e. This is 22 per cent below based year emissions and well within the indicative annual range expected.
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