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The pensions minister has pointed to new rules forcing pension funds to take account of climate change in investment decisions as an example of capitalism driving forward green solutions. Labour’s plans to reach net-zero emissions by 2030, meanwhile, have been branded ‘”total tosh” by Andrea Leadsom.
6 years ago
“You barely have an energy market in this country at all, such is the level of intervention,” a libertarian thinktank has claimed.
Labour's bold plans around renewables and climate change should not get lost in the maelstrom engulfing UK politics at the moment, says David Blackman
The vice-chair of the all-party parliamentary group on climate change has said European investors are turning to South America, because they are concerned about the impact of Brexit. However, one of the founders of Octopus Energy said the long-term attraction of UK renewables remained attractive.
Under its ‘People’s Power Plan’, Labour aims to deploy 52GW of offshore wind by 2030, providing enough electricity for 57 million households.
A leading housebuilder has said the greening of the electricity grid means scheme specific decentralised renewable energy projects face redundancy.