Net zero rollback could be a disaster for business confidence, with cars policy looking particularly perverse
One can understand why Rishi Sunak sees political opportunity in watering down a few climate policies. Previous soundbites about “the economic opportunity of the 21st century” may be correct in the round, but voters have also noticed that heat pumps are expensive and that the path to net zero by 2050 involves costs as well as opportunities. A strategy that claims, in effect, that net zero can be delivered more gently is not absurd for a party that is miles behind in the polls.
The problem, though, is the one highlighted by the furious reaction from some carmakers, in particular, to Sunak’s flip-flop. Any realistic route to net zero involves winning, and keeping, the broad confidence of businesses that will be overhauling the infrastructure. At one level, hitting the 2050 target requires an enormous public-private effort to rewire the entire economy. The whole point of setting interim targets is to make it more likely that you hit the main end goal. Presented with a legally binding commitment, the government risks looks incapable of delivering a plan that it can stick to.
Continue reading...from The Guardian https://ift.tt/scDyYhC
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