There are two remarkable things about the launch of Boris Johnson’s net zero strategy.
The first is that the UK can rightfully claim it has become a global frontrunner.
The EU’s equivalent is not so detailed. We now know 2035 is the year by when the UK hopes to have ended fossil fuel heating, which is also unique. Britain is an outlier.
Yet, politically, the plans have so far proven remarkably uncontroversial.
Judging by the House of Commons debate, it enjoys a broad political consensus behind it.
Yes there was some Conservative grumbling on the back benches, but nothing on the scale of the fireworks the topic might have provoked.
Labour say the plans don’t go far enough, but party sources confirmed they back they package overall.
If there was a vote on it tomorrow, the net zero plan would receive overwhelming endorsement from the Commons.
The second remarkable thing is that in supporting this package, MPs are signing a blank cheque.
They’ve agreed a destination – net zero by 2050 – but what is remarkable is how little is known about the path we will take to get there and so many things on it could disrupt the support it currently enjoys.
The Treasury is up front that it has no idea how much it will cost.
“It is not possible to forecast how individual households will be affected over the course of an economic transition that is expected to take thirty years to complete,” says the Treasury’s net zero review.
The plan could mean higher taxes.
“If there is to be additional public spending, the government may need to consider changes to existing taxes and new sources of revenue throughout the transition,” the review adds.
Entire industries will be wiped out in the decarbonisation process, government says, with no certainty…
Source : skynews
