NEF Warns: Repealing UK's Climate Change Act is 'National Self-Harm'
The New Economics Foundation (NEF) has warned against repealing the UK's Climate Change Act, arguing it would be 'an act of national self-harm'. The think tank opposes plans by the Conservative Party to replace the 2008 Act, asserting that it is crucial for transitioning to clean energy and permanently lowering energy bills.
NEF believes that repealing the Act would 'sacrifice the green industries of the future' and 'prop up the polluting industries of the past'. The organisation claims that high energy bills are primarily due to volatile fossil gas prices, not climate policy. Instead, NEF argues that transitioning to clean energy is the only way to protect households from price shocks and permanently lower energy bills.
NEF states that achieving net zero by mid-century is necessary to avoid 'catastrophic global heating'. The UK's climate framework has already led to a nearly 50% reduction in emissions since 1990, faster than any other major economy. NEF points out that Britain's net-zero economy is already growing faster than other sectors, creating jobs and savings for households.
NEF's stance is clear: repealing the Climate Change Act would hinder progress towards a cleaner, more affordable energy future. The organisation urges the Conservative Party to maintain and strengthen the UK's commitment to net-zero, arguing that it is essential for the country's economic growth and environmental sustainability.
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