Great that the government is considering a strengthened approach to carbon pricing - but it's not a silver bullet. My thoughts: (1/4) @institutegcinstitute.global/policy/carbon-…
But tackling this is fraught with risk – I have less than fond memories of the “green crap” flurry in 2013… and gillets jaunes movement shows the risks of voter backlash. (3/4)
So how to tackle it? Be clear on objectives; work with the public / consumer; make it part of a package with e.g. regulation and support for those who need it; provide long-term certainty; build an economic story; and ensure it’s fair (and perceived as fair). (4/ends).
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New @InstituteGC report out today: “UK Net Zero Strategy – the 11 questions it must answer” – building on my experience from the last 3 HMG climate strategies (in particular the Clean Growth Strategy with @ClaireClimate@guynewey and others). (1/n) institute.global/policy/uks-net…
The UK has committed to a net zero strategy this year – great opportunity to set a template which the rest of the world can follow. But it’s not going to be easy. UK needs to cut emissions by 40% in ten years. If you think that sounds a lot – that’s because it is a lot. (2/n)
But the time is right: net zero can be central to our post-Brexit international role; businesses and the public are demanding action; costs are coming down; and net zero will define the 21st century economy. The work of @theCCCuk@ChiefExecCCC provides the basis. (3/n)