• Privacy policy
  • T&C’s
  • About Us
    • FAQ
    • Meet the Team
  • Contact us
TLE ONLINE SHOP!
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
SUPPORT THE LONDON ECONOMIC
NEWSLETTER
  • TLE
  • News
  • Politics
  • Business
  • Sport
  • Opinion
  • Elevenses
  • Entertainment
    • All Entertainment
    • Film
    • Lifestyle
      • Horoscopes
    • Lottery Results
      • Lotto
      • Thunderball
      • Set For Life
      • EuroMillions
  • Food
    • All Food
    • Recipes
  • Property
  • Travel
  • Tech/Auto
  • JOBS
No Result
View All Result
The London Economic
No Result
View All Result
Home News Environment

CHANCELLOR Sunak: ‘Difficult’ to say precise cost of net zero transition

Despite being unable to share a figure, Sunak claimed the upcoming Cop26 climate summit in Glasgow will be a “success”, “particularly on the finance side, which I’m responsible for”.

Andra Maciuca by Andra Maciuca
2021-10-24 16:21
in Environment, News, Politics
Photo: PA

Photo: PA

FacebookTwitterLinkedinEmailWhatsapp

Rishi Sunak admitted he is unable to put a “precise figure” on how much it will the transition to a net zero economy will cost UK taxpayers. 

It comes as government advisory body the Climate Change Committee and former chancellor Philip Hammond estimated it would cost £1.4 trillion.

But speaking to BBC’s Andrew Marr, the current Tory chancellor said: “It’s very difficult to put a single figure on something that’s going to happen over the 30 years, three decades, during which lots of things are going to change, not least the cost of many of these technologies.

“So you know, I can’t reduce it to one single figure.”

Despite being unable to share a figure, Sunak claimed the upcoming Cop26 climate summit in Glasgow will be a “success”, “particularly on the finance side, which I’m responsible for”.

What Labour thinks

Labour’s Rachel Reeves told Marr that “the only responsible chancellor at the moment is a green chancellor, to stop the costs building up for future generations to pay.”

She added: “The moral imperative of tackling the climate emergency and the opportunity to create those high-skill, high-productivity jobs in this country.

RelatedPosts

‘Opposition’s best weapon:’ Michael Fabricant wades into the Chris Pincher scandal

Nigel Farage slams current state of UK politics – but this comment leaves the leaver in the lurch

‘Johnson’s lie machine has crashed:’ Letter by former top civil servant sparks fierce reaction on social media

Rees-Mogg claims economic crisis ‘very little to do with Brexit’ – nobody is falling for it

“You know, the government’s saying we can improve productivity by getting shortages on the shelves. No, I say we improve our productivity by investing in the skills and the jobs of the future, and that more than anything means investing in carbon capture and storage and hydrogen, in gigafactories to build the electric vehicles of the future.

“That’s the way to boost our skills and our productivity.”

Greta Thunberg

This week, Greta Thunberg has accused the UK government of spinning carbon emissions statistics to make it look like the country’s contribution to the climate crisis is lower than it is in reality. 

The environmental activist said Britain is not the only high-income country wrongly thinking it is a climate leader, suggesting the US and China are also guilty of the delusion. 

In an article for The Guardian, the 18-year-old said world leaders have been guilty of decades of “blah, blah, blah” because of their lack of action on reducing emissions. 

Post-Brexit trade revelations ahead of Cop26 climate summit hosted by UK

Last week, it emerged the UK government has been telling its trade negotiators to not let environmental concerns get in the way of post-Brexit deals, according to a leaked document. 

The document, signed by the Department for International Trade, suggests the UK shouldn’t refuse a deal if other countries do not mention environmental safeguards in agreements. 

The Tories are preparing the UK to host the Cop26 international climate conference in Glasgow at the end of the month, which will see world leaders pursuing a target of limiting any further temperature increase to 1.5C.

The summit will involve calls to accelerate the phasing out of coal, curtail deforestation, speed up the switch to electric vehicles and encourage investment in renewables.

Related: Prioritise economic growth over climate, government tells trade negotiators

Tags: net zeroRishi Sunak

Since you are here

Since you are here, we wanted to ask for your help.

Journalism in Britain is under threat. The government is becoming increasingly authoritarian and our media is run by a handful of billionaires, most of whom reside overseas and all of them have strong political allegiances and financial motivations.

Our mission is to hold the powerful to account. It is vital that free media is allowed to exist to expose hypocrisy, corruption, wrongdoing and abuse of power. But we can't do it without you.

If you can afford to contribute a small donation to the site it will help us to continue our work in the best interests of the public. We only ask you to donate what you can afford, with an option to cancel your subscription at any point.

To donate or subscribe to The London Economic, click here.

The TLE shop is also now open, with all profits going to supporting our work.

The shop can be found here.

You can also SUBSCRIBE TO OUR NEWSLETTER .

Subscribe to our Newsletter

View our  Privacy Policy and Terms & Conditions

Trending on TLE

  • All
  • trending
Abdollah

‘Rescue us’: Afghan teacher begs UK to help him escape Taliban

CHOMSKY: “If Corbyn had been elected, Britain would be pursuing a much more sane course”

What If We Got Rid Of Prisons?

More from TLE

Lay off the booze and drugs at festivals if you want to preserve your hearing

Christmas ‘cancelled’ as Govt labelled ‘liars,charlatans & clowns’ over Covid handling

Boris Johnson demands a Brexit plane & it must be more colourful than PMs

Cheeky residents fed up with roadworks have turned them into an ART installation

Bercow will “fight with every bone in his body” to stop Boris proroguing parliament

County lines drug dealer will leave prison after just one year for killing his 17-year-old girlfriend

Isolation – Film & TV drama might be best coping mechanisms

EuroMillions Results for Tuesday 18 January 2022 Tonight’s winning numbers

After 7 years in the UK, I became British – and I don’t know how I feel about it

Eight things to look out for as Dominic Cummings appears before MPs

JOBS

FIND MORE JOBS

About Us

TheLondonEconomic.com – Open, accessible and accountable news, sport, culture and lifestyle.

Read more

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.




No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Sport
  • Entertainment
  • Lifestyle
  • Food
  • Travel
  • JOBS
  • More…
    • Elevenses
    • Opinion
    • Property
    • Tech & Auto
  • About Us
    • Meet the Team
    • Privacy policy
  • Contact us

© 2019 thelondoneconomic.com - TLE, International House, 24 Holborn Viaduct, London EC1A 2BN. All Rights Reserved.