Economist Lord Stern says public and private investment is needed to reach climate goals by 2050.
The UK has made good progress towards achieving net-zero carbon emissions by 2050 but getting there may need higher taxes.
He added: "I'm not arguing for delaying investment in health and education. We have to pursue those at the same time. He is optimistic that a tipping point in key green technologies - including energy generation, car batteries and fertilizer manufacture - is achievable within a few years, with artificial intelligence playing a key role.Lord Stern reckons taxes will have to rise to support the UK's journey to net zero
But some UK Ministers, including former Business Secretary Grant Shapps, who now heads up the new Department for Energy Security and Net Zero, have been critical of President Biden's move.Such subsidies are typically financed by tax revenue or borrowing.He supports the current windfall tax on North Sea oil and gas production, saying it is only right that producers should pay over a slice of the unforeseen profits earned on assets that are ultimately owned by the nation.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
'Drastic slowdown' in demand sees MIPS' net sales slump 46% in final quarter of 2022The helmet safety tech brand suffered a 50% drop in helmet sales as net sales dropped from £15.7 million to £8.5 million in the final portion of 2022 compared with 2021
Lire la suite »
Leeds and United break Prem tackle record as Rashford and Garnacho net late onLeeds’ clash against Manchester United has broken the season’s record for the most tackles in the first half of a Premier League match. Tensions were high between the two teams as they …
Lire la suite »
Leicester star rounds own goalkeeper and narrowly avoids bizarre own-goal against SpursLeicester’s Timothy Castagne rounded the goalkeeper with aplomb, and sent the ball just wide of the gaping net. Fortunately, it was his own net. The defender nearly scored an own goal for the ages …
Lire la suite »
Apprentice star Reece Donnelly said leaving show was 'one of hardest choices'The 25-year-old from Glasgow, who runs his own theatre school, said he left the show due to 'health issues'. He was reportedly one of the favourites to win the £250,000 investment from Lord Sugar.
Lire la suite »
The Apprentice contestant Reece Donnelly addresses 'speculation' over why he left showThe 25-year-old featured in the latest episode of the BBC series before the contestants flew to Dubai for a task but was missing for the rest of the show. Lord Alan Sugar later told candidates that Donnelly had 'left the process'.
Lire la suite »