Boris Johnson says Britain needs its own Green New Deal

FT Politics


Boris johnson has always been keen to burn it his green credentials and put tackling climate. Change at the front of his government's. Agenda is done so again this week setting out a long-awaited plan to make the uk a world leader in green technology as with most government announcements. However that will plenty of spending commitments already made being re announced but the most auden criticism came from the tories who said it goes against. The party's new electoral base and could cost them votes but business secretary. Alex chama rejected this notion. This is about leveling up across our country. We're talking about twelve billion pounds and he has around. Four billion pounds of this is new money. Other money is money that's been pledged previously on deed lost budget in in in march Book very importantly This billion pounds will help to bring in three times as much in terms of private sector money and supporting create two hundred and fifty thousand jobs but the have been some critics of this plan arguing that it really doesn't go far enough. The shuttle business sexually. Ed milliband made this point. There is an urgency. That isn't enough ambition. That isn't a real plan. He's got to do better in all of our interests that he does better. We will keep pushing the government on ambition on jobs on appropriate plan to rise to the scale of the climate emergency. We face chimp. Let's begin with this. Ten point plan of boys. Johnson set out in article in the financial times. In fact what did you make of it and how much of it was new money and new policy okay so this was a very long awaited announcement. They were meant to originally Back in the summer and it slipped because of pressures on number ten prime minister announced twelve billion pounds states investment program when you went through the numbers at ten about three billion pounds this new at included five hundred million hydrogen one billion pounds insulation three hundred million pounds for nuclear industry. I think what was interesting even if the money was pretty small. Change when you compare it said of the countries like franz chemmy refute these comparisons jeremy kuban late manifesto prince lansing which lici tuten sums of hundreds of billions of pounds of buried money. Guns was agreement. Deo i think it's still a political moment because as always this tension between people saying let's go green other Saying it will damage economy People in cost known areas concerned type. Slutty jim republic who worry about paying extra tax also green initiatives ambrose johnson especially saying worry we can. Tiny's these things together. We make sure. Green economic growth happens in some of the left behind redwood areas and talking about place humble months for over northeast. police o'clock. It's wonderful to have you on the podcast. What were your thoughts. When you saw this announcement here because johnson has talked a lot about green policy arisons locked summer but it fuses if that rhetoric has increase as jim said that is new money on some new policies to go with it to there is a but by i know about this was a. It's brilliant. Hear a british conservative prime minister coming up with a plan like this. Because although we've had david cameron promising the government ever and then we had theresa may actually legislating for a net zero twenty fifty which was very pioneering for a country the size of britain at the time. The thing is. We really haven't seen a prime minister set out in a speech or in a plan like this thing as visionary really and it is a great vision. Unfortunately it's really not matched by detailed plans and considering that a large chunk of it is dependent on trying to mobilize private investor capital. I'm just concerned that it's really not going to make. Investors are not going to invest unless they see the detailed policy until they know what the shape of any sort of regulatory framework has got to look like really not going to get people plowing in at the rate needed to fulfill this and when it comes to actually meeting that net zero goal twenty fifty. It's really not on track to do that. Unfortunately the classic example about chocolate changing which is provided uncertainty from best is if you look at one of the atoms. Boris johnson announcement which was carbon capture storage. Which is basically succour Boats on you bury it. The browns the tools boom cameron government promised been impounds towards that twenty fifteen a group of plug on that money or johnston's done this year's he promised eight hundred pounds in the spring budget yet. Another challenge main pounds this week. Hey presto Where we were five years ago with basically almost leg progress on cca. Yeah that's exactly. It had this sort of crisis. Feel about it really. Is you know god. We've got to do something on climate. Okay what do we do on electric cars. Oh i know will bring the target ford. That's actually relatively easy to do. It's important but unless it's matched by holocene setting out how people are going to be able to buy more electric cars and how the rollout of the charging infrastructure is going to work. You know it's really difficult to see how it works. I expected a guest to say something a little more meditative parts of this plan on you when it comes to the targets for making sure that new homes not built with natural gas boilers in them. For example you know that's really quite important. And of course at target itself has been brought forward slightly from twenty five to twenty twenty three at same these support for hydrogen also important but again. You look at what germany's doing in its recovery plan. It's got around. Forty forty billion set aside for electric cars renewable energy and so forth and france around thirty billion euros set aside nine billion of that is for hydrogen renewables alone so compared to that. The u k plan does look a little small were jim. This is one thing critics of picked up on the plan. Even who is labour's shadow. Business secretary has said it doesn't remotely meet the scale of what is needed. I think greenpeace charity have said similar things to all those criticisms fad. You because when it comes to government spending you can always make the case you should be spending more doing more radical things and as please note. This is a conservative government. This is not natural territory. Full them yet. But i think the first point to make our show on the business sexually set on the radio. This is a down payment but that will be more. Fiscal events is quite possible than the spending review. The we see next week that could be more money for example nuclear. They could say they're gonna stop negotiation sizewell c Pass station which would of course involve more money. And i think as well now. He's talking about how these provides whole sums compared to labor government beginning right now the thing to remember Tackle climate change isn't just about state. Money is also about regulation so of course the bundle twenty fifty borrowing in new pets from these laws as an example of wet government does not have to spend the money it can regulate and things happen and so many of these decisions of stems from theresa. May's decision donning moments of her administration commit twenty-fifty net zero target. Only kind of off the thought. She the mohanchris coop suasion joyfulness. She bandied about it even now known. Would think theresa may is great green ahead and yet she took this decision from which all sorts of future decisions have the stem. But i think to remember names of bishops is very seats. Promotional world where Christie is coming from fossil fuels. Were kind of on talking for. I think you have to remember that. The british energy system like any other system But also transport system unfairly household energy or freeways needs to be decarbonised. And i remember whether we're on track to do that. Speed that needs to

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