Earlier this month, the Treasury released its analysis of the costs of opposition policy, including the effect of a landfill ban for food waste on government expenditure. It’s important to understand the costs of green policy, but these Treasury calculations have missed the big picture. Read more
Tag Archives: Treasury
It generally pays to remain sanguine in the face of the ups and downs of the public policy debate, because it’s usually driven by short term concerns that don’t have a lasting effect in the real world.
Last week, however, I found myself looking at data from one of the dustiest corners of Whitehall and feeling shocked that the reverse had happened: a series of short term decisions is unpicking long term plans to modernise our economy. Read more
This week, the New Climate Economy (NCE) project published its report spelling out the compelling economic logic behind moving to a low carbon world. In contrast to the earlier Stern Review, there has been a focus on large and fast growing developing countries, which are expected to generate the largest growth in CO2 emissions in the coming decades.
But, here at the home of Stern’s original report, is the UK – and in particular the Treasury – still heeding its advice? The latest scaling down of ambition for the deployment of renewable energy in the Treasury’s Infrastructure Pipeline will inevitably raise doubts. Read more