Sunak’s Net Zero rebalance is welcome, but more to be done
Alexander Hammond quoted in City AM
“Sunak’s Net Zero rebalance is a welcome step. Government policies like petrol and diesel car and gas boiler bans, have gone too far in hurting families and businesses for minimal environmental gain. Delaying these measures, ruling out costly new policies like a ‘meat tax,’ and speeding up planning for nationally significant projects are entirely sensible steps.
“Now Sunak must go further by abandoning the legally binding Net Zero target and ending costly subsidies for unproven ‘green’ technology. The solution to climate change is innovation and investment. This can be achieved by introducing carbon pricing, limiting regulatory interference and further removing planning barriers to deploying green technologies.”
Notes to Editors
Contact: [email protected] / 07763 365520
The mission of the Institute of Economic Affairs is to improve understanding of the fundamental institutions of a free society by analysing and expounding the role of markets in solving economic and social problems. The IEA is a registered educational charity and independent of all political parties.