Questions have been raised about the £1trn cost estimate of establishing a net-zero carbon economy by the Common’s Business, Energy and Industrial Strategy (BEIS) committee. Chair of the committee, Rachel Reeves, has put a number of questions to the Chancellor of the Exchequer, Philip Hammond, following his claim last month that it would cost the UK economy around £1trn to meet net-zero carbon emissions by 2050. These questions include Treasury modelling on public expenditure savings arising from net-zero – for example, reduced NHS spending from healthier diets and reduced air pollution; how the Treasury plans to fund the transition to net zero; and the strategy to ensure the fair distribution of costs and benefits. It also quizzed the Chancellor on how a five-year review of the net zero target will be conducted. The letter comes ahead of a BEIS committee session on net zero with the chair also writing to Treasury minister Chris Skidmore. She asked the minister, who will attend the session, for his thoughts on the Government’s approach to net zero by 2050 – including plans for international aviation and shipping, an issue raised by youth climate striker Greta Thunberg and which currently sits outside of national emissions reporting.
Edie 1st July 2019 read more »
Boris Johnson is considering proposals to shrink the size of the Cabinet after key backers urged him to slim down the Government if he becomes prime minister. Mr Johnson has already voiced a desire to merge the Department for International Development and the Foreign Office, but supporters are encouraging him to go further by reviewing the future of seven or more other departments to save billions of pounds. The departments for Justice, Business, Culture, International Trade, Work and Pensions, Transport, and Brexit could all be abolished or merged with other departments under plans being championed by members of Mr Johnson’s team.
Telegraph 1st July 2019 read more »
Climate change was the only issue where consensus failed to be reached at the G20 meeting of leaders of the globe’s biggest economies, held in in Osaka, Japan at the end of last week. Nuclear still is seen as having a place in the energy mix, but without any real enthusiasm.
David Lowry’s Blog 2nd June 2019 read more »