Net Zero Watch press release 27 September 2024 From the director To our readers and all of our generous donors The disarray into which the Government has been cast over the last seven days has been ex

Net Zero Watch press release

27 September 2024

From the director

To our readers and all of our generous donors

The disarray into which the Government has been cast over the last seven days has been extraordinary to behold, and there is no end in sight. There is plenty of speculation that the Prime Minister will not even last out next week, let alone see through the full length of the Parliament – it seems there are further allegations on the way.

Whenever one hears of apparently insane policy stances coming out of the energy department, it would be well to ask “Cui bono?”. Some of the revelations this week suggest that Labour’s strings are very much being pulled by the Green Blob. This might explain the anger on display from trades union leaders, whose members will bear the brunt of the economic pain. As other stories this week make clear, Mr Starmer can no longer rely on their unquestioning support.

Wishing you all the very best weekend.

Andrew

As always, please don’t reply to this email address, which is not monitored.

The headlines

UK

  • Organised labour fury with Labour

  • Heat pumps back on the agenda

  • World-leading electricity prices

  • Another blow at the rental market

  • Taxpayer-funded energy bill support?

  • A purchase by the Green Blob?

Decarbonisation

  • Energy giants flee hydrogen projects

  • Unloved EVs

  • Northvoltage cuts

Etcetera

  • There will never be a renewables-only grid

  • What are MPs being told?

  • Media appearances

From the blog

  • New Scientist jumps the climate gun

  • Subsidy madness

  • Net Zero Watch lauds GMB’s Net Zero realism

UK

Organised labour fury with Labour

Labour looks to be losing key union backers over its climate policies. The GMB’s Gary Smith warned that Mr Miliband’s crusade was putting a million jobs at risk. The Unite union disinvited the party’s Scottish leader Anas Sarwar, as well as the SNP’s Keith Swinney, from its annual policy conference.

Heat pumps back on the agenda

Energy secretary Ed Miliband was rumoured to be looking at relaunching the Conservatives’ so-called “boiler tax”, a plan to force heat pumps upon unsuspecting homeowners.

World-leading electricity prices

Rather taking the gloss off Ed Miliband’s claims of “climate leadership”, UK manufacturers complained that industrial power prices in this country are now the highest in the world.

Another blow at the rental market

Ed Miliband pledged to stop landlords renting out properties that didn’t meet a minimum level of energy efficiency. Commentators noted that such a step would simply remove many properties from the market entirely, thus causing further chaos in an already hard-pressed sector.

Taxpayer-funded energy bill support?

Energy minister Miatta Fahnbulleh mused about the possibility of the taxpayer and energy companies (= consumers) funding cash payments to households in fuel poverty.

A purchase by the Green Blob?

Rachel Kyte, a former climate chief of the World Bank, was appointed UK climate envoy, a position previously axed by the Conservatives. Shortly afterwards, it was revealed that by remarkable coincidence she was also involved in Quadrature, a hedge fund that had donated several millions to Labour. There was much gnashing of teeth over Quadrature’s minor involvement in fossil fuels, and almost none over its vast involvement in the Green Blob.

Decarbonisation

Energy giants flee hydrogen projects

Equintor and Shell abandoned a project to manufacture and transport so-called “blue hydrogen”, made from natural gas with carbon capture to prevent emissions.

Unloved EVs

Second-hand values for EVs have crashed, as demand stalls. Some are losing two thirds of their value in three years. This is perhaps understandable given the rapid rise in EV fires.

The USA is considering banning Chinese EVs, claiming that the software represents a security risk, and Chinese business owners are increasingly banning them from their properties entirely, because of the fire risk. It is perhaps unsurprising that most Chinese EV firms are not profitable.

Northvoltage cuts

Swedish battery manufacturer Northvolt announced 1600 job losses, as EV sales collapse. Meanwhile, Mercedes cut its profit forecast, blaming (in part) poor EV sales.

Etcetera

There will never be a renewables-only grid

Francis Menton examined the practicalities of a renewables-only electricity grid and concluded that such a thing was impossible.

What are MPs being told?

The House of Commons Library, previously seen as a source of objective information for MPs, found itself accused of misleading its readers over the cost of renewables.

Media appearances

Andrew was on the Majority Unsilenced podcast, discussing all things Net Zero.

From the blog

Thu, Sep 26

New Scientist jumps the climate gun

This week’s prize for jumping the climate gun goes to New Scientist, twice.

Firstly, it tells us that low sea ice levels in Antarctica signal a permanent shift. This, they say, because for the second

 Read More 

Fri, Sep 27

Subsidy madness

The essence of this post previously appeared as a thread on X. It did rather well, so here is a long-form write up.

During the communist era, the Polish government decided to deal with a shortage of

 Read More 

Thu, Sep 26

Net Zero Watch lauds GMB’s Net Zero realism

Net Zero Watch has applauded the decision by the GMB union to speak out about the insanity of the Government’s decarbonisation plans. The union’s leader Gary Smith was quoted in the Daily Mail as

 Read More 

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