UKThe Economist turns on Net ZeroThe Economist reports that Britain’s net zero push is driving energy bills sky-high - 90% above the EU average for industry. It finds that renewables require costly grid upgrades and offshore wind has stopped getting cheaper. With public support wobbling, Britain is becoming a warning, not a model, for the risks of top-down climate policy. Wealthy households could pay more under Ofgem reviewOfgem is set to review how energy costs are shared, raising the prospect that wealthier households could pay more to shield poorer families from rising fixed charges tied to clean energy upgrades. Cleverly backs scrapping Net ZeroThe ex-Foreign Secretary says Net Zero is outdated post-Ukraine. He warns against “throwing heavy industry under a bus” or capping North Sea wells. For Cleverly, energy policy must protect Britain’s competitiveness and affordability. Seperately, the Tories have called for a review on North Sea. NESO: households face £12.7bn bill to switch off wind turbinesHouseholds face a potential £12.7bn-a-year bill to switch off wind and solar when the grid can't cope, says NESO. Critics blame Ed Miliband’s net zero drive for soaring “constraint costs,” warning the cheapest option would be keeping gas in the mix. Barclays quits Net Zero Banking AllianceBarclays joins HSBC and Wall Street giants like JPMorgan and Goldman Sachs in exiting the climate finance group. It pledges to stick to its green goals but says NZBA no longer functions. Climate groups slam the move as a step backward. Tice unveils UKORE: Reform’s grassroots campaign against Net Zero “eyesores”Richard Tice has launched an “energy war” on Ed Miliband, slamming him as an “eco-zealot” and pledging to fight “eyesore” solar farms and pylons central to Labour’s net zero plan. Reform UK’s new campaign, UKORE, will target rural backlash starting in Lincolnshire.
|
