Category: net zero

Net-Zero Costs ‘Unmanageable’ for Many Homeowners: Report

British homeowners face financial obstacles to making net-zero upgrades to their homes, according to a new report citing upfront costs and a lack of interest in borrowing as significant factors. To reach the government’s net zero targets almost all homes will require some level of retrofit which will mean “significant changes to almost every home”…


MPs Call for ‘Concrete Action’ Over Welsh Nuclear Power Plant

The UK government must take “concrete action” to facilitate the development of a new nuclear power station in Wales, a committee of MPs has argued. The Welsh Affairs Committee of the House of Commons said on Wednesday, “Concrete commitment by ministers on the future of nuclear energy, and in particular at Wylfa in North Wales,…


Lois Perry: ‘No One Voted for this Green Agenda – People Want a Net Zero Referendum’ | British Thought Leaders

NTD’s Lee Hall sits down with Lois Perry, broadcaster and director of CAR26, an organisation that campaigns for informed analysis of climate issues. Lois talks about how upcoming green measures will affect ordinary people, why wind farms have not been the green solution to our energy needs, and her life as an outspoken critic of…


Inflation, Net Zero, and the Bank of England

Commentary “What a banker,” read the unsubtle headline in The Sun. “BoE official on £190k salary says Brits must accept they’re worse off.” The Mail agreed. “BoE chief risks fury as he says Brits must accept they are poorer.” What sparked the tabloids’ outrage was a Columbia Law School podcast with Huw Pill, the Bank of England’s chief economist and a member…


Energy Security at Risk as UK Set to Miss Net Zero Green Electricity Target, Say MPs

Britain’s energy security is at risk as the country is on track to fail to meet its targets to generate all of its electricity without burning gas by the middle of next decade, MPs have warned. In its “Net Zero Strategy” published in October 2021, the UK government set an ambition for all electricity generation…


Energy Company Bets Big on Australia’s Largest Battery as Major Coal Power Plant Set to Close

One of Australia’s largest coal-fired power stations—that supplies a quarter of New South Wales’ (NSW) energy needs—will soon close and be replaced by the country’s largest battery in the rush to reach net-zero. On April 20, Origin Energy, one of the “Big Three” energy providers, servicing 4.2 million households and businesses, said it would spend…


‘The Latest Frontier’: Will Labor’s Safeguard Mechanism Save or Keep Jobs?

The Western world is currently experiencing perhaps the most significant overhaul of the economic status quo in its history. A new coalition of governments has emerged, hoping to ensure industries are “future-proof” and can operate in a sustainable fashion well into the 21st century. Australia as a member of the G20 is very much on…


Why ‘Net Zero’ Is Not a Rational US Energy Policy

Commentary Despite Germany’s last-ditch attempt at realism, the European Union recently approved a 2035 ban on gas-powered cars, moving ahead with its “net zero” emissions agenda. In the United States, the cost of achieving net-zero carbon emissions would be staggering—$50 trillion if the goal is reached by 2050—as would the demand for raw materials, which in most cases would exceed…


BlackRock’s Larry Fink and the New Post-ESG Realism

Commentary As regular as the turn of the seasons, each January sees Larry Fink, founder and CEO of BlackRock, the world’s largest asset manager, publish a lengthy letter on the state of the world and its implications for finance and investors. This year, January turned to February, and still no letter. Instead, February saw Tim…


World Should Face ‘Reality’ on Climate Change, Says Former Australian PM

BRISBANE—The world should face the reality that it may have got it wrong on climate change, says former Australian Prime Minister John Howard. Howard, who served as the Australian leader from 1996 to 2007, made the comments while appealing to the centre-right Liberal Party not to abandon its position on critical issues, warning that conservatives had…