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UK Backtracks on Key Green Policies

Authored by Tsvetana Paraskova via OilPrice.com,

The UK government announced this week a new approach to achieving the net-zero 2050 target, softening some of the key policies as the cost-of-living crisis is at its worst in a generation and a general election is looming next year.

Prime Minister Rishi Sunak delayed a ban on gasoline and diesel cars by five years and scrapped policies to force homeowners to make expensive energy efficiency upgrades. The UK’s target to achieve net-zero emissions by 2050 remains intact, but not at “unacceptable costs” for families, Sunak said in a speech at Downing Street on Wednesday.  

While the 2050 net-zero target stays, some intermediate targets, and some policies were either delayed or scrapped as UK residents (and voters) are trying to cope with a cost-of-living crisis with food and energy prices soaring while Sunak’s Conservative Party is trailing Labour in the polls by some 20 percentage points.

Sunak said the UK needs to change the debate on how to achieve net zero—from two extremes now to a more realistic debate.

“This debate needs more clarity, not more emotion,” he said.

“We’ll now have a more pragmatic, proportionate, and realistic approach that eases the burdens on families,” the PM said.

One of the most specific policy changes is a delay of a ban on the sale of new gasoline and diesel passenger cars—from 2030 to 2035.

The UK raised the cash grants for replacing gas boilers under the Boiler Upgrade Scheme by 50% to $9,210 (£7,500), but “We’ll never force anyone to rip out their existing boiler and replace it with a heat pump,” Sunak said.

The government will not force any homeowner to make expensive upgrades to increase the energy efficiency of their homes, either.  

The PM also confirmed that his government would “not ban new oil and gas in the North Sea, which would simply leave us reliant on expensive, imported energy from foreign dictators like Putin.”

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