Difficult economic times that turmoil led a number of countries to declare that we should revise downward our ambitions in the fight against climate change and delay the transition to a low issuing carbon economy. The argument is that the States must focus on economic recovery, and not on the fight against climate change. The transition to a green production and low carbon footprint as the negotiation of a global agreement on climate change could therefore wait and be placed temporarily in abeyance.
But the action of the United Kingdom shows that the choice between the support of the economy and the protection of the environment is more misleading. The British know that the path of the construction of our future economy depends on a sustainable recovery in low carbon footprint. This development is paramount to create jobs and growth in new sectors. In the month of April, we have in place measures that will support this passage in the long term in a sobre carbon green economy.

The British Minister of finance, Alistair Darling, has not only presented the budget for the next fiscal year, but also the very first carbon budgets. They cap the emissions of our country on three five-year periods up to 2022. They also involve a legally binding objective of emissions reduction, the latest in 2022, at a lower level of at least 34 in 1990. Thus, we are to attain our objective of 80 reduction of gas emissions greenhouse levels of 1990, no later than 2050. Significantly, we assigned aims to run carbon budgets focusing on domestic action, the first five-year period for ceilings zero to international credits, outside the system of the credits from the European Union. We plan to further strengthen the budget, subject to the obtaining of the ambitious global agreement we need at the Summit to be held in Copenhagen in December.
One of the keys to our success in the field of climate change lies in our ability to accelerate the diffusion of clean technologies, that promote job creation and are beneficial to the economy in the world. This technological breakthrough is needed to tackle the most difficult issue, that of coal. The future of coal is one of the biggest dilemmas we are facing: it's a polluting fuel used around the world because of its low cost and flexibility, which allows producers to adapt to fluctuations in the demand for energy.
I recently presented to Parliament the Government project for the largest ever demonstration of capture and carbon storage. The project focuses on the following points. First, a breakthrough in the field of technology: four new projects intended to make the capture and storage of carbon, the scale of each of them being ten times greater than that of the project of the same type the largest currently in operation in the world. Then, the end of the coal as we know it. I have proposed the adoption of a new rule pursuant to which no new coal-fired plant will not be permitted if it is not evidence of existence, from the first day, with a capacity of carbon capture about 25 of production of the facility. Claims for which the evidence of the ability to capture and storage will not made will be rejected. Finally, a clear commitment to coal at low footprint carbon: once it has been demonstrated independently, that this technology has been proven, power plants will have to use it not for a party, but for all of their production.
The capture and storage of carbon already have global cooperation. But for the world benefits from this technology, it is imperative that this effort intensified this year. The benefits of this technology are not only environmental. Technology, manufacturing and green energy production are rich in potentially creative of a large number of jobs and business opportunities. We've all heard clear messages: President Obama has committed the United States in the fight against climate change and clean energy. The meeting of the G20 chaired by British Prime Minister, Gordon Brown, the heads of State and Government began agree on the fact that the economic recovery should be sustainable and green. It is for these reasons that I am convinced that the international consensus growing for a transition to a low carbon footprint economy is sign of hope and not despair. By working together, across national borders, we can both avoid dangerous climate change and see our economies resume in a sustainable manner. This is the best decision both for today and for future generations.