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Rishi Sunak Contemplates Weakening Vital Green Policies

In a huge policy move, Rishi Sunak contemplates weakening vital green policies. According to various reports, it might include deferring a prohibition on new petrol and diesel car sales and phasing out gas boilers.

Author:Darren Mcpherson
Reviewer:Camilo Wood
Sep 21, 2023
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In a huge policy move, Rishi Sunak contemplates weakening vital green policies.
According to various reports, it might include deferring a prohibition on new petrol and diesel car sales and phasing out gas boilers.

Prime Minister's Climate Adjustment Agenda

The Prime Minister is preparing to outline the adjustments in a speech in the coming days.
In response to the reported intentions, he stated that the government is dedicated to achieving net zero carbon emissions by 2050, but in a "more proportionate way."
The goal of net zero is for the UK to remove as many greenhouse gas emissions, such as carbon dioxide, from the environment as it puts in.
The prime minister said:
For too many years politicians in governments of all stripes have not been honest about costs and trade-offs. Instead, they have taken the easy way out, saying we can have it all. This realism doesn't mean losing our ambition or abandoning our commitments. Far from it. I am proud that Britain is leading the world on climate change.- Rishi Sunak
He stated that the UK was committed to the international climate agreements that it had previously signed.
"No leak will stop me from beginning the process of telling the country how and why we need to change," he said.
Mr Sunak went on to say that he would deliver a speech later this week "to set out an important long-term decision we need to make so our country becomes the place I know we all want it to be for our children."
If he follows through on the idea, it will mark a substantial shift in the Conservative Party's approach to net zero policy, as well as a clear dividing line with the Labour Party.
Mr Sunak, according to numerous individuals briefed on Downing Street's thinking, will use the speech to praise the UK as a world leader in net zero energy.
However, he would argue that Britain has over-delivered in terms of combating climate change and that other countries must do more to carry their weight.
Some details of the speech are still being worked out, but documents seen by the BBC indicate that it might feature up to seven major policy changes or commitments.
First, the government would postpone the ban on the sale of new gasoline and diesel vehicles, which is currently scheduled to take effect in 2030, until 2035. The 2030 deadline has been set by the government from 2020.
Second, the government would drastically reduce the government's intention to phase out the installation of gas boilers by 2035, stating that just 80% would be phased out by that year.
Third, homeowners and landlords would be informed that there will be no additional home energy efficiency rules. Landlords who fail to improve their houses to a specific degree of energy efficiency may face fines, according to ministers.
Fourth, the ban on off-grid oil boilers will be postponed until 2035, with an 80% phase-out objective at that time.
Furthermore, Britons will be told that no additional fees will be imposed to discourage flying, that no government programs will be implemented to improve people's diets, and that no measures will be implemented to encourage carpooling.
Mr. Sunak is also likely to dismiss what he considers to be burdensome recycling programs.
According to reports, the government was mulling a recycling scheme in which families would have "seven bins"- six discrete recycling bins plus one for general rubbish.
The Green house emission per year graph
The Green house emission per year graph
Labour's shadow business secretary Jonathan Reynolds called it "an absolute farce," with "late night policy statements from the Downing Street bunker, as ever driven by the absolute chaos within the Conservative Party, with a weak Conservative Prime Minister Rishi Sunak."
He refused to say whether Labour would reinstate any targets that were eventually abandoned. He said:
We are making clear that we are absolutely rejecting this completely futile, short-term, and facile way of doing politics. This is not a serious way to make long-term decisions that require vast amounts of investments, where lots of jobs are at risk.- Jonathan Reynolds
Diluting green policies, according to Conservative MP Chris Skidmore, former chairman of the UK government's net zero review, will "cost the UK jobs, inward investment, and future economic growth that could have been ours by committing to the industries of the future."
"Rishi Sunak still has time to think again and not make the greatest mistake of his premiership, condemning the UK to miss out on what can be the opportunity of the decade to deliver growth, jobs and future prosperity," he said.
Lord Zac Goldsmith, a Conservative peer who resigned as a minister earlier this yearin response to Mr Sunak's "apathy" on climate change, claimed the prime minister was "dismantling" the UK's credibility on environmental matters.
"His short stint as PM will be remembered as the moment the UK turned its back on the world and on future generations. A moment of shame," he said.
Green Party MP, Caroline Lucas called any rollback on net zero "economically illiterate, historically inaccurate, and environmentally bone-headed".
Mr Sunak, though, was "pleased to see some pragmatism" from Tory MP Craig Mackinlay, who chairs the net zero scrutiny group.
Moving net zero targets back "will take a pie in the sky 'greenwash' measures out of clearly unachievable deadlines."
Former Conservative minister David Jones claimed that changing green policy was "inevitable and sensible," and that continuing the 2030 ban on new petrol and diesel automobiles would "seriously harm the British motor industry."
The King will pay a State Visit to France on Thursday when he will host a Climate Mobilisation Forum.
The event brings together climate finance experts with the goal of assisting emerging economies in making emission-cutting changes.
Foreign Secretary James Cleverly will accompany the King.
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Darren Mcpherson

Darren Mcpherson

Author
Darren Mcpherson brings over 9 years of experience in politics, business, investing, and banking to his writing. He holds degrees in Economics from Harvard University and Political Science from Stanford University, with certifications in Financial Management. Renowned for his insightful analyses and strategic awareness, Darren has contributed to reputable publications and served in advisory roles for influential entities. Outside the boardroom, Darren enjoys playing chess, collecting rare books, attending technology conferences, and mentoring young professionals. His dedication to excellence and understanding of global finance and governance make him a trusted and authoritative voice in his field.
Camilo Wood

Camilo Wood

Reviewer
Camilo Wood has over two decades of experience as a writer and journalist, specializing in finance and economics. With a degree in Economics and a background in financial research and analysis, Camilo brings a wealth of knowledge and expertise to his writing. Throughout his career, Camilo has contributed to numerous publications, covering a wide range of topics such as global economic trends, investment strategies, and market analysis. His articles are recognized for their insightful analysis and clear explanations, making complex financial concepts accessible to readers. Camilo's experience includes working in roles related to financial reporting, analysis, and commentary, allowing him to provide readers with accurate and trustworthy information. His dedication to journalistic integrity and commitment to delivering high-quality content make him a trusted voice in the fields of finance and journalism.
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