Energy and Environment

Climate policy to blame for industry woes

Andy Mayer writes for CapX

In an op-ed for CapX, IEA Chief Operating Officer, Andy Mayer, argued that the UK cannot implement net zero policies and also have secure and affordable energy, saying government policy is to blame for crippling energy costs.

Andy argued: “The pattern is always the same, the Prime Minister or another part of government gets an attack of climate zeal, low carbon businesses and NGOs lobby for new policy and subsidies to deliver it, and the consequences show up in bills. The manufacturing groups then point out that this renders them uncompetitive. The Government usually waits for a few to go bust at the margins, then grudgingly offers a gesture measure through a costly, complex qualification scheme. Then the cycle starts again“.

Read the full article here.