PanamaTimes

Saturday, Oct 24, 2026

UK can’t fight climate crisis with austerity, warns expert

UK can’t fight climate crisis with austerity, warns expert

Author of government study says Treasury resistance to green spending programmes could halt progress to net zero
Imposing “premature austerity” again will undermine the fight against climate change and stop poorer households going green, one of the world’s leading climate economists has warned the government, amid claims that the Treasury is resisting policies to tackle the crisis.

Nicholas Stern, the author of the seminal 2006 government study into the costs of climate change, said comprehensive programmes were needed to help poorer households make the switch to electric cars and away from gas heating, if the government hoped to bring all greenhouse gas emissions to net zero by 2050.

In an interview with the Observer, he joined other prominent figures in calling on Boris Johnson and chancellor Rishi Sunak to invest in the technology needed and adopt policies such as subsidised loans to help all households make the switch.

“It’s going to need determination, some resources and smart design to solve these problems,” he said. “These things have to be made easy for people. Growth has to be driven by innovative investment. And we mustn’t make the mistake that we made a dozen years ago with premature austerity.

“It’s about helping people make the change. You’ve got to have a credible plan to help people with the replacement of boilers, when there are real costs, particularly for the poorest.”

It comes after claims from inside and outside government that the Treasury is resisting expensive programmes to tackle climate change in the run-up to the Cop26 climate summit, such as so-called “green cheques” to help people switch from gas. A string of policies, from home insulation to new infrastructure spending, have been scrapped, watered down or delayed. No 10 is now said to be pushing a bigger scrappage scheme for gas boilers.

On Saturday night, Keir Starmer, the Labour leader, pledged to work with the government on matters of “national and international interest” and back an ambitious plan to tackle climate change. However, he warned that the government’s track record and current plans fell short and that Boris Johnson was failing to convince his party of the urgent need for action.

“The Labour party I lead will always engage with the prime minister on issues of national and international interest,” Starmer said. “We face a climate emergency and the prime minister needs to grasp the opportunity Cop26 presents – and convince his own MPs to do the same.

“The UK needs to lead at home to enable leadership abroad. So far the Tories are falling woefully short of meeting this moment. The government’s greenwashing and delay risks fatally undermining the UK’s credibility as hosts of Cop26 and our ability to build trust and turn up the pressure on major emitters.”

Johnson last week set out his plan to make “coal, cars, cash and trees” the focus of the Glasgow summit. But Labour criticised the government’s record on each count. It attacked the refusal to block the Cambo oil field project in the North Sea, its cut to electric car subsidies, the reduction of aid to help poorer nations deal with climate change and its failure to meet tree-planting targets.

Stern’s plea for investment was echoed by other senior figures including John Gummer, the former Tory cabinet minister who now chairs the climate change committee that advises the government. “We have so far been very bad at dealing with helping people with the transition,” he said. “What we need to have is an honest national conversation, based upon the principle that we’ve actually got to achieve this. There isn’t an alternative. The price is something that society as a whole can afford. The issue is, how do you protect the vulnerable?

“One of the issues that the Treasury has to recognise is that the longer it leaves this gap, the longer it gives people who want to make mischief an opportunity to say how very expensive everything is all going to be, and how everybody’s going to be in a terrible state. You mustn’t leave a gap, you’ve actually got to go in and say, these are the possibilities that we could do. We’ve had that vacuum over the past three or four months.”

Sir John Armitt, chair of the National Infrastructure Commission, also called for investment. “We’ve got to find ways in which this can be made affordable,” he said. “This has got to be something which we all, as citizens, can actually live with and recognise we’re going to have to pay for because we pay for it one way or the other – whether we pay through a government subsidy, or whether we pay through the meter.”

The government said £12bn had already been allocated for the prime minister’s 10-point plan for a green industrial revolution, “including billions to decarbonise our homes and vehicles – and a commitment to ensuring that the costs of the transition to net zero are fair and affordable”.

“We are already investing £1.3bn into helping make the homes of low-income families more energy efficient and cheaper to heat, and affordability and fairness will be at the heart of our comprehensive Net Zero Strategy that we’ll publish ahead of Cop26,” they said.
Newsletter

Related Articles

PanamaTimes
0:00
0:00
Close
Advertising trick: Pepsi’s Harrier Jet Commercial Led to a $700,000 Court Fight
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Trump’s Top General Seeks an Exit Strategy From Iran War, Report Says
Brock Lesnar Retires From Wrestling, Closing a Career of Rare Athletic Range and Lasting Controversy
Trump-Era Policy Shifts Test the Boundaries of U.S. Institutions
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Breaking With the Past: One of the World’s Smallest Countries Changes Its Name
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Cuba’s Grid Fails Again as Fuel Crisis Deepens
Nazca Lines Flight Crash Kills Thirteen as Peru Suspends Aerodiana
OpenAI Faces Demands for Full Disclosure After Models Breach Hugging Face
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Why Americans Queue for $15 Ice Cream and a $100 Caviar Pint
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Spain Defeats Argentina in Extra Time to Win Second World Cup
Venezuela’s Earthquake Devastation Turns U.S. Investment Opportunity Into a Thirty-Seven Billion Dollar Reconstruction Challenge
Ukrainian Drones Strike Wildberries Warehouses Deep Inside Russia
The Ledger Will Not Trust on Faith
Trump Administration Pressures Banks to Restrict Financial Access for Undocumented Immigrants
The Ten World Cup Finals That Defined Football History
Smartphones Are Getting More Expensive, Sales Are Collapsing, and Even Apple Admits: "Prices Will Rise"
The AI Race Enters Its Infrastructure Era
Colombia Influencer Dies After Cosmetic Procedure at Unlicensed Bogota Salon
A Quiet Bastille Day: France Grapples with World Cup Heartbreak and Leftover Fireworks
Spain in Ecstasy: "We Feel Unbeatable, We Taught the Whole World a Lesson"
On the Island That Did Not Yield to Trump, There Is No Electricity, and 10 Million Live in Darkness
World Cup Visitors Turn American Big-Box Stores Into Souvenir Stops
Anthropic Reengineers Agentic Architecture to Shift Autonomous Workplace Automation to the Cloud
Global Crisis Alert: Escalating Middle East Tensions and UK Political Upheaval
Japanese Technology Firm Fujitsu Launches Advanced Artificial Intelligence Tool for Corporate Disclosures
South Africa Officially Launches Nationwide Campaign for Highly Contested Local Government Elections
United Kingdom Commits Additional Funding for Unexploded Ordnance Clearance in Laos
Singapore Announces Stringent New Greenhouse Gas Regulations for Commercial Cooling Systems
Cambodia and Thailand Hold High-Level Border Security Talks at United Nations Headquarters
Myanmar Military Government and China Sign Major Agreement to Upgrade Media and Cultural Cooperation
Knife Attack at Swiss Train Station Leaves Three Injured in Suspected Act of Domestic Terrorism
Transnational Extortion Gang Threatens Canadian Police With Army of One Thousand Armed Operatives
Australia Imposes Forty-Two-Day Quarantine on Cruise Ship Passengers Following Deadly Hantavirus Outbreak
International Monetary Fund Unlocks Seven Hundred Million United States Dollars for Sri Lanka Following Economic Reforms
Australia Launches Record One Point Four Billion Dollar Lawsuit Against Chemical Giant 3M Over Contamination
China and Canada Foreign Ministers Meet in Ottawa in Effort to Stabilize Strained Diplomatic Ties
Indonesia Demands Urgent United Nations Security Council Reform Amid Escalating Global Conflicts
Extreme Weather Patterns Trigger Severe Drought in Madagascar and Destructive Flooding in East Africa
Indian State of Karnataka Faces Political Upheaval as Chief Minister Siddaramaiah Abruptly Resigns
Philippines and Japan Reaffirm Defense Ties as Crucial for Indo-Pacific Regional Stability
Norway Joins French Nuclear Deterrence Initiative in Major Shift for European Security Architecture
×