Comment on Labour’s revised Green Prosperity Plan

Labour formally drops £28bn green pledge.

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By George Smeeton

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Commenting on Labour’s revised Green Prosperity Plan, Jess Ralston, Energy Analyst at the Energy and Climate Intelligence Unit (ECIU) said: “Cutting back programmes to insulate homes means more wasted energy, more imported gas and higher bills. There are millions living in cold, damp homes leading to illnesses that costs the NHS billions a year.

“Critically, renewables, EVs and insulated homes that don’t waste energy are all things that boost our energy security. After the energy bills rollercoaster of the past couple of years, people want to see the UK reduce its dependence on gas markets. A key way of doing that is to ramp up heat pumps, every one of which reduces the amount of gas we need to buy. Bringing back the landlord standards that the Government U-turned on is one way to crowd in private sector investment but that doesn’t help everyone struggling with higher bills.

“There are billions of pounds waiting to be plugged into clean industries, but they need the right incentives and policy stability. This and any further roll backs from Labour jeopardise this at a time when competition is fierce with countries like the US going full throttle to attract net zero businesses. Indeed, investors reacted badly to the PM’s speech last September U-turning on key climate policies. Labour will now really have to deliver on other policies like planning reform.”

ENDS

For more information or for interview requests:

George Smeeton, Head of Communications, ECIU, Tel: +44 (0)7894 571 153, email: george.smeeton@eciu.net