“In the meantime though, with the US incentivising and attracting huge sums of net zero investments, the PM’s U-turns will likely put off or delay projects that would have created jobs. The PM has prioritised politics over the economy.Ed Matthews, head of campaigns at E3G climate think tank: “Absolutely unquestionably, we’re going to be in a period of investor instability over the next year.
“I think for the car industry, they know that it’s highly likely that this target could be reinstated in a year’s time. “These companies have a choice about where to invest, and we’re locked in a race to Zero with the US, China and Europe.“So the decision to delay the 2030 ban will just undermine the confidence of investors further that the UK is a serious place to invest in green technology.Defending the measures on Thursday Rishi Sunak told the BBC
Mr Sunak continued: “We are absolutely not slowing down efforts to combat climate change. I am very proud of our country’s leadership. We have decarbonised faster than any other major economy in the G7, not a fact you hear reported that often.”Delaying the ban on the sale of new petrol and diesel cars to 2035: Labour would reverse this decision and bring the ban back to 2030
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Motoring industry left ‘high and dry’ on delay to 2030 pledgeIndustry leaders have called for ‘clarity’ on what delaying the ban on petrol and diesel vehicles means for them.
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