Kemi Badenoch, the Conservative party leader, has announced plans to repeal the Climate Change Act if her party wins the next election. This move would eliminate crucial limits on greenhouse gas emissions and undo key green policies that have been in place for years.
Badenoch aims to scrap the UK’s net zero target as well. Repealing the Climate Change Act would go even further, removing the “carbon budgets” that control how much greenhouse gas can be emitted over five-year periods. It would also disband the Climate Change Committee, which advises on ways to reduce the UK’s carbon footprint.
She stated, “Our priority now is growth, cheaper energy, and protecting our beautiful landscapes.” However, experts warn that depending more on fossil fuels could lead to higher energy prices. For instance, following Russia’s invasion of Ukraine, energy costs shot up, burdening the UK with an estimated £140 billion in costs while forcing the last government to spend £40 billion subsidizing energy bills.
Bob Ward, from the Grantham Research Institute, highlighted that relying on fossil fuels for growth is misguided. He said high fossil fuel prices are hurting both households and businesses. Beyond that, the UK is already feeling the impacts of climate change, prompting calls for a shift towards cleaner energy sources.
Michael Grubb, a professor at University College London, pointed out that most UK businesses do not support scrapping the Climate Change Act because they see climate change as a pressing concern. A stable legal framework helps businesses invest in low-carbon energy and innovation.
The UK has made significant strides in reducing carbon emissions, halving them since 1990 due to increased reliance on renewable energy. James Alexander, CEO of the UK Sustainable Investment and Finance Association, warned that dismantling the Climate Change Act would send negative signals to investors, risking jobs and economic growth.
Despite Badenoch’s announcement, public sentiment seems to favor climate action. Recent polls show widespread support for continuing strong climate policies, even among voters for parties that challenge current targets, like Reform UK.
Ed Miliband, the Labour energy secretary, criticized Badenoch’s plans, calling them an economic disaster that betrays future generations. He emphasized that the Climate Change Act, initially supported by the Conservatives in 2008, has spurred substantial investments in domestic energy.
In conclusion, while Badenoch’s strategy focuses on immediate economic growth and cheaper energy, many experts and stakeholders urge a different approach, highlighting that a green economy is essential for long-term stability. The ongoing conversation reflects a significant shift in the political landscape regarding climate policy, making it clear that public opinion strongly favors environmental action.
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