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All hail the net zero strategy: a year late and lacking in both ambition and funding

In politics, timing is everything. Last week the government set out its strategy for meeting its net zero carbon targets: this came a year later than expected, and less than a fortnight before the UK finds itself front and centre on the global stage as host of the Cop26 UN climate talks in Glasgow.The long-awaited climate blueprint covered wide-ranging “net zero” ambitions from renewable energy and electric vehicles to carbon capture and electric heat pumps – and yet still offered too little, if not entirely too late.It falls short in two crucial areas: ambition, and government funding. Critics say the carbon savings set out in the paper will not get the UK close to its net zero goal by 2050, and that without the funds might fail to meet even this limited ambition.

Chris Stark, chief executive of the Committee on Climate Change, said the success of the government’s net zero plans would rely on ministers putting in place major and at times expensive policy changes.Timing is crucial in the race to tackle the climate crisis too – but one can’t help wondering whether the countdown to Cop26 meant officials didn’t have the time to put together policies with the depth, detail and Treasury buy-in to meet the deadline, despite a year’s delay. Delays beget further delays, and in the context of the climate crisis, the truism that winning slowly is the same as losing is all too apt.

The government hopes that alongside its plan to end the UK’s contribution to global heating it will create up to 440,000 jobs and “unlock” £90bn in private sector investment in the next decade alone. But it could all be at risk if the “how?” at the heart of the UK’s climate plans remain unanswered.
If the government hopes to meet its targets, time taken today on the details of tomorrow would be well spent. Take nuclear power: the ambition to bring forward investment in a new generation of nuclear reactors is almost 20 years old and has been wildly delayed. In the latest net zero strategy, the government vowed to secure a final investment for one large-scale nuclear power plant by the end of the parliament, but offered no new way to achieve this challenge.Legislation for a new funding framework to meet the challenge of eye-watering upfront costs for nuclear is expected to emerge “very shortly”, according to one Whitehall source, but did not do so in time for the net zero strategy.For households, the upfront cost of new low-carbon heating and insulation represents a challenge on a far smaller scale than the nuclear dilemma – but one with major cumulative implications for the UK’s climate goals, and in need of a coherent plan.

theguardiansource :theguardian

Thames Water boss says bills need to rise by 40%

The boss of Thames Water has customer bills need to rise by 40% by 2030 to pay for improvements.”That is the price customers have to pay for the investment in our infrastructure that’s needed,” he said.The firm is in a race to find extra cash after its investors said they would not give the struggling water giant more money unless bills rise.The regulator, whose approval is needed for any price rises, has so far pushed back on substantial bill increases.Sources close to Ofwat say it plans to “stick to its guns” and won’t raise bills to address shareholder problems.Why is Thames Water in so much trouble?Fears emerged last year that the UK’s largest water company Thames could collapse due to its huge debts.Regardless of what happens, water supplies will continue as normal.Chris Weston said he wanted to “reassure our customers that it is very much business as usual for Thames Water”.The firm was “quite a long way off” from nationalisation and “a lot that has to happen” beforehand.However, he said it was “eventually possible”.”Even if that were to happen, the services will continue to be provided,” he said. “There will still be clean drinking water, and we will still deal with all the waste that has to be dealt with.”Thames Water drew up a turnaround plan last summer which asked for bills to rise over the next five years. Investors were due to pump in almost £4bn into the business over the next two years, but have withheld the first payment – due at the end of March – saying its turnaround plan is “uninvestible”.

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One year countdown to WorldSkills Lyon 2024

One year from now, the WorldSkills community will reunite in Lyon, France, for the world’s largest skills championship. With Lyon on their horizons, thousands of young people from our Member