Prediction market on metaculus. According to the [Financial Times](https://www.ft.com/content/1724bcd1-c7af-457e-a830-36248f629801?syn-25a6b1a6=1): > Energy secretary Ed Miliband has called for the UK to set a target to cut greenhouse gas emissions by 87 per cent by 2040, extending the government’s green push but setting up a battle with opposition parties. > Parliament must approve or reject the legally binding 87 per cent target by the end of June. The last carbon budget in 2021 received cross-party support but climate policy has since become increasingly divisive, and the new proposals are expected to become a flashpoint among lawmakers > Carbon budgets were introduced through the Climate Change Act when Miliband was climate and energy secretary in 2008, more than 10 years before the Tories under then prime minister Theresa May committed the country to net zero carbon emissions by 2050. > The seventh carbon budget covers the period between 2038 and 2042. Last year, the Climate Change Committee, the government’s independent climate advisers, said an 87 per cent cut would require a “significant reduction in emissions across sectors including surface transport, buildings, industry and agriculture”.
Resolves: 7/1/2026.