The Fort Worth Press - UK backtracks on net zero policies

USD -
AED 3.673104
AFN 64.000368
ALL 80.950403
AMD 369.010403
ANG 1.789884
AOA 918.000367
ARS 1398.655759
AUD 1.37874
AWG 1.8025
AZN 1.70397
BAM 1.662466
BBD 2.013854
BDT 122.689218
BGN 1.668102
BHD 0.377404
BIF 2975
BMD 1
BND 1.267973
BOB 6.9098
BRL 4.915095
BSD 0.999873
BTN 94.420977
BWP 13.425192
BYN 2.825886
BYR 19600
BZD 2.010964
CAD 1.36705
CDF 2265.000362
CHF 0.776767
CLF 0.022646
CLP 891.290396
CNY 6.80075
CNH 6.796265
COP 3750.48
CRC 459.648974
CUC 1
CUP 26.5
CVE 94.050394
CZK 20.636704
DJF 177.720393
DKK 6.340404
DOP 59.350393
DZD 132.14904
EGP 52.744691
ERN 15
ETB 157.303874
EUR 0.84804
FJD 2.182504
FKP 0.734821
GBP 0.73346
GEL 2.67504
GGP 0.734821
GHS 11.29039
GIP 0.734821
GMD 73.503851
GNF 8780.000355
GTQ 7.634866
GYD 209.223551
HKD 7.83175
HNL 26.620388
HRK 6.393304
HTG 130.919848
HUF 300.190388
IDR 17377.45
ILS 2.901304
IMP 0.734821
INR 94.44155
IQD 1310
IRR 1311500.000352
ISK 122.010386
JEP 0.734821
JMD 157.601928
JOD 0.70904
JPY 156.66204
KES 129.180385
KGS 87.420504
KHR 4010.00035
KMF 418.00035
KPW 899.950939
KRW 1461.920383
KWD 0.30766
KYD 0.833358
KZT 462.122307
LAK 21955.000349
LBP 89550.000349
LKR 321.915771
LRD 183.503772
LSL 16.405102
LTL 2.95274
LVL 0.60489
LYD 6.322723
MAD 9.144703
MDL 17.099822
MGA 4165.000347
MKD 52.319561
MMK 2099.606786
MNT 3578.902576
MOP 8.06268
MRU 39.968719
MUR 46.820378
MVR 15.455039
MWK 1733.612706
MXN 17.177604
MYR 3.921039
MZN 63.903729
NAD 16.405102
NGN 1359.570377
NIO 36.715039
NOK 9.208804
NPR 151.087386
NZD 1.675884
OMR 0.384942
PAB 0.999962
PEN 3.434504
PGK 4.350375
PHP 60.515038
PKR 278.650374
PLN 3.59545
PYG 6107.687731
QAR 3.640374
RON 4.426304
RSD 99.473038
RUB 74.240007
RWF 1460.5
SAR 3.782036
SBD 8.019432
SCR 13.958442
SDG 600.503676
SEK 9.215704
SGD 1.267304
SHP 0.746601
SLE 24.650371
SLL 20969.496166
SOS 571.503662
SRD 37.399038
STD 20697.981008
STN 21.15
SVC 8.749309
SYP 110.543945
SZL 16.370369
THB 32.220369
TJS 9.329718
TMT 3.5
TND 2.866038
TOP 2.40776
TRY 45.349038
TTD 6.776593
TWD 31.316038
TZS 2598.394038
UAH 43.92104
UGX 3746.547108
UYU 39.879308
UZS 12135.000334
VES 499.23597
VND 26308
VUV 118.026144
WST 2.704092
XAF 557.575577
XAG 0.012439
XAU 0.000212
XCD 2.70255
XCG 1.802048
XDR 0.695511
XOF 557.503593
XPF 101.625037
YER 238.625037
ZAR 16.380704
ZMK 9001.203584
ZMW 19.037864
ZWL 321.999592
  • JRI

    0.0000

    13.15

    0%

  • BCC

    -2.0900

    70.67

    -2.96%

  • CMSC

    0.1400

    23.11

    +0.61%

  • BCE

    -0.4300

    24.14

    -1.78%

  • CMSD

    0.1140

    23.534

    +0.48%

  • RBGPF

    0.0000

    63.18

    0%

  • RIO

    2.2700

    105.38

    +2.15%

  • NGG

    0.9800

    86.89

    +1.13%

  • GSK

    -0.0900

    50.41

    -0.18%

  • BTI

    0.2000

    58.28

    +0.34%

  • RYCEF

    -1.0800

    16.37

    -6.6%

  • AZN

    0.3300

    182.85

    +0.18%

  • VOD

    0.5100

    16.2

    +3.15%

  • RELX

    0.0759

    33.58

    +0.23%

  • BP

    -0.4700

    43.34

    -1.08%

UK backtracks on net zero policies

UK backtracks on net zero policies

The UK will soften policies aimed at achieving net zero carbon emissions by 2050 and instead pursue a "pragmatic" approach to hitting the target, Prime Minister Rishi Sunak said Wednesday.

Text size:

"We can adopt a more pragmatic, proportionate and realistic approach to meeting net zero," Sunak told a news conference, saying a ban on the sale of petrol and diesel cars would be pushed back from 2030 to 2035.

That would bring it in line with countries such as France and Germany, he said.

The prime minister also announced an easing of energy efficiency targets for rental properties and backtracked on plans to make homeowners replace gas boilers with heat pumps.

The move comes amid growing concern over the potential financial cost of the government's net zero pledge.

A general election is expected next year and Sunak's Conservative Party is trailing in the polls behind the Labour opposition amid a cost-of-living crisis that has seen food and housing costs spiral.

The narrow win by a Conservative candidate in a west London by-election in July -- largely put down to a campaign against the expansion of a vehicle pollution toll zone in the capital by Labour mayor Sadiq Khan -- triggered calls within the party to rethink climate commitments.

- 'I believe in net zero' -

Stressing that "no one can doubt" the reality of climate change, Sunak said he was a firm believer both in net zero and the UK's ability to achieve it.

But he added that "too often motivated by short-term thinking, politicians have taken the easy way out, telling people the bits they want to hear, and not necessarily always the bits they need to hear.

"We haven't had an honest conversation about these issues in a long time. It's not enough to just announce these targets -- great headlines in the short term -- to will this thing to happen. That's not right," he said.

The UK had leeway to ease targets as it had achieved "the fastest reduction in greenhouse gas emissions in the G7", he argued.

But the rethink sparked anger among opposition lawmakers, environmental campaigners, the car industry and some Conservative MPs, setting up a possible rift in Sunak's party.

In July, Sunak approved hundreds of new oil and gas licences in the North Sea off Britain's east coast, angering environmentalists.

Former prime minister and net zero proponent Boris Johnson warned that "we cannot afford to falter now or in any way lose our ambition for this country", while COP26 president and Conservative lawmaker Alok Sharma added that "for any party to resile from this agenda will not help economically or electorally."

Reports suggested that some MPs may even be preparing letters of no confidence in protest.

- 'Complete farce' -

Green Party MP Caroline Lucas called the move "economically illiterate, historically inaccurate and environmentally bone-headed" while Ed Miliband, Labour's spokesman for energy, said it was a "complete farce from a Tory government that literally does not know what they are doing day to day."

Criticism also came from industry, with Mike Hawes, chief executive of the Society of Motor Manufacturers and Traders, saying the UK should be a "leader in zero emission mobility" but "clear, consistent" messaging is required from the government for consumers to want to switch to electric vehicles.

"Confusion and uncertainty will only hold them back," Hawes added.

Green campaigners were angered too.

Rebecca Newsom, head of politics at Greenpeace UK, said that move "will only hasten our waning influence on the world stage."

F.Carrillo--TFWP