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The five climate pitfalls of the Autumn Statement

November 18, 2022
Source: newstatesman.com newstatesman.com
News Snapshot:
Photo by Leon Neal/Getty Images “Cheap, low-carbon, reliable energy must sit at the heart of any modern economy,” Jeremy Hunt, the Chancellor, said in his Autumn Statement today. “Unless we act rapidly to change our approach, we will both bankrupt our economy and harm our planet.” The rhetoric is nice, but the Conservatives have failed to match it with action. From taxing low-carbon energy companies more than their fossil-fuel equivalents, to scrapping the tax relief for electric vehicles, here are five ways the government’s pursuit of a low-carbon future doesn’t quite add up. Extending the windfall tax to renewables: is...
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