NEF Slams Tory Plans to Scrap 2008 Climate Change Act
The New Economics Foundation (NEF) has slammed Conservative Party plans to replace the 2008 Climate Change Act, warning that repealing it would be 'an act of national self-harm'. NEF argues that high energy bills are not due to climate policy, but rather 'volatile fossil gas prices'.
NEF believes that doubling down on fossil fuels would 'lock us into higher costs while the rest of the world moves forward'. It asserts that Britain's net-zero economy is already growing faster than other sectors, creating jobs and savings for households. The transition to clean energy is the only way to permanently reduce energy bills and protect households from price shocks, according to NEF.
NEF argues that the UK's climate framework has led to a nearly 50% reduction in emissions since 1990, faster than any other major economy. It states that achieving net zero by mid-century is 'the only way to avoid catastrophic global heating'. NEF describes the campaign against the Act as 'scientifically and morally bankrupt'.
NEF opposes Conservative Party plans to replace the 2008 Climate Change Act, warning that repealing it would 'sacrifice the green industries of the future' and 'prop up the polluting industries of the past'. The organisation argues that the UK's climate policy has been successful in reducing emissions and promoting a net-zero economy.
