The UK has reduced its carbon dioxide emissions by more than any other G20 nation during the past 15 years, a new report has concluded.

Accountancy firm PwC said the UK had cut its emissions by an average of 3.5% each year between 2000 and 2015.

That put it ahead of France at 2.6% and both China and the United States at 2.4%.

The European Union’s average figure was 2.3%.

Low-carbon vehicles

Jonathan Grant, sustainability and climate change director at PwC, said: “The decarbonisation of the UK’s economy is well-established now, and underlined by recent government announcements on adopting the Fifth Carbon Budget, the approval of the Hinkley C nuclear power project and confirmation of the Government’s intent to ratify the Paris Agreement.”

Lit Ping Low, climate economist at PwC, added: “Sustaining its high decarbonisation rate is a crucial part of the UK’s climate strategy, however the progress made in other countries are also exciting as they signal new waves of opportunities for the UK in terms of exports of low carbon technologies and services.

“For example, low-carbon vehicles make up of 60% of UK’s exports on low carbon goods and services, and 10% of its total vehicle exports in 2014.

“This is a sector set to grow rapidly around the world and the UK is well positioned to capitalise on this opportunity.”

> Download the report (requires registration)