Ten top takeaways from this morning's @theCCCuk Progress Report - delivered into a unique triple context - the #Covid_19 crisis, UK being off-track to its legally-binding 2050 #netzero emissions target, and the UK's hosting of the next, seminal UN climate summit #COP26
1) UK will get triple win from post-Covid stimulus packages aligned with net zero - jobs, levelling-up & climate. Report surveys 13 analyses from eg @CBItweets, @WorldBank & @ETC_energy & concludes 'green' measures can produce more jobs & more local growth faster than others
2) Stimulus packages should not lock in climate risk or reward: "Public money should not support industries or infrastructure in a way that is not consistent with the future #netzero economy or that increase exposure to climate risks.” Implications for airlines, North Sea?
Somewhat bemused by these @thegwpfcom claims on the cost of #netzero, I've been having a look into the various 'reports' they produced today thegwpf.com/cost-of-net-ze…. Come with me on a tour that contains quite a bit of magical thinking and not a little mystery
The headline figure (as reported by @GuidoFawkes, @talkRADIO and now The @spectator) is £3 trillion over 30 years - about £100bn per year. That's just for two sectors, electricity and housing, so the suggestion is this could be an understatement
Of crucial importance, therefore, are the source numbers GWPF uses. Garbage in, garbage out - right?
Not one of the names mentioned in dispatches over the last couple of weeks, and perhaps not one of those whom the phrase 'Cabinet heavy-hitter' called to mind - but there's some rationale to the appointment
Being a COP President is primarily about diplomacy - it's an international process, owned collectively by 195-odd UN member states. And @AlokSharma brings experience in both the @foreignoffice and @DFID_UK
Thoughts on Claire (Perry) O’Neill’s replacement as incoming President of this year's UN climate summit #COP26
It will be seen in some quarters as a disruption but I'm not sure it's a big one. Delivering a good outcome at COP26 needs a whole government effort across the year, led by PM @BorisJohnson, involving international-facing and UK-facing departments
The two key tasks for government are 1) do the international diplomacy well and 2) get the country demonstrably on track to its legally-binding #netzero target. First needs FCO, DfID and No10 - second needs Housing, Transport, BEIS, Treasury... and No10. At least
Little thread here about #AmazonFires on something I haven't seen reported yet in media
Brazil is a federal system - states have a lot of autonomy and their governors (as I saw first-hand a while back news.bbc.co.uk/2/hi/science/n…) a big say in what happens with forests, farming, logging and so on
Have a look at which states in the Brazilian Amazon have registered a big increase in fires and which haven't bbc.com/news/world-lat…
A big scary number - in the case, a trillion-pound claimed pricetag for UK #netzero - leaked to media without any calculations given and with no context. Credibility zero, as everyone knows economic model outputs are only as good as the assumptions and inputs... so what are they?
Break the figure down - and assuming that the figure is expressed in constant 2019 numbers, but who knows? - that's about £30bn per year. Which doesn't sound quite so scary even if it's correct, with UK GDP around £2.5 trillion per year