What’s happened?
Rishi Sunak unveiled a range of changes last week to his government’s plan for hitting the UK’s legally enshrined target of net-zero carbon emissions by 2050. Sunak still wants the UK to hit that deadline, he emphasised. But he wishes to delay some of the key milestones, with the aim of easing the costs on households. Critics, including many in business and inside the Tory party, condemned the move as creating uncertainty for investors that will damage confidence, slow the transition and end up costing us all more. Supporters argued that his announcement was a necessary, proportionate and