'Planning for net zero isn’t just about preparing us for the existential and growing threat of climate change... It’s about seizing the biggest opportunity we have for economic growth, prosperity and addressing inequalities' | SusaninLangside ✍️
On Friday, shadow chancellor Rachel Reeves announced her party was ditching their pledge to invest £28 billion a year supporting the transition to net zero. A Labour commitment for the past two years had suddenly been branded ‘reckless’.
We’ve also been clear on the huge job creation potential, the opportunities to create the skills for the next generation and the ability to attract new international investment for the emerging new economy. It’s also poor economics. Put simply, by the time a UK Labour Government ever got round to investing £28bn a year, the cost to the UK in terms of meeting the needs of net zero will be many times that.
In the grand scheme of things, £28bn isn’t a huge sum, given the social, economic and environmental rewards. The cost of retrofitting homes across the Glasgow city region alone is around £10bn. Every UK city leader could show Ms Reeves any number of transformational projects which would benefit citizens for years to come from significant government investment.
I’m delighted that in the past week, we’ve secured £2.5 million from the Scottish Government’s Active Travel Transformation Fund to do just that.
Danmark Seneste Nyt, Danmark Overskrifter
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