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Net zero legal threats, cheaper heat pumps, and PM defends green policy rollback: BusinessGreen's most read stories of the week

Business Green

BusinessGreen rounds up the most widely read stories on the site this week OVO to offer heat pumps at lower cost than gas boilers Energy supplier touts new offer promising heat pumps at cheaper price tag and running costs than conventional gas boilers. -

Policy 72
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Reports: Treasury shelves £30bn plan to electrify UK railways over cost concerns

Business Green

Clean transport advocates point out £30bn price tag for railway electrification is in the same ball park as budget for road building. The Treasury is facing further accusations that it is hampering the UK's net zero transition, after reports emerged over the weekend that it has blocked plans to electrify Britain's railways over cost concerns.

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Treasury mulls road-charging plan, as Number 10 preps early phase out date for fossil fuelled cars

Business Green

The Times reported this morning that a paper detailing how a national road-charging scheme could work has already been presented to Chancellor Rishi Sunak, as officials explore how to manage the impact on the Treasury's coffers of the shift away from petrol and diesel cars.

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Liz Truss promises 'spades in the ground' to tackle energy crisis and drive UK growth

Business Green

There are conflicting reports as to the potential price tag attached to such a policy, with various commentators putting the cost at between £90bn and potentially as high as £200bn, depending on various factors such as the on-going price of gas and how long the cap remains in place.

Energy 67
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The UK's net zero target is under threat because there's no plan to pay for it

Business Green

Research by Inside Housing has put a price tag of £104bn on decarbonising all the UK's homes, with an upper estimate of £250bn - equivalent to just under a quarter of the government's total projected spending for 2022-23. Backing down now would leave the net zero agenda dead in the water.

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The government has made this crisis worse than it needed to be

Business Green

Such plans never materialised; the increased spending on efficiency blocked by Rishi Sunak's Treasury and its desire to keep funds back for pre-election tax cuts, and the onshore renewables plans blocked by various Cabinet members grumbles to the press that wind farms are "eyesores". Obvious solutions are available.

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Liz Truss prepares to announce energy price freeze plan

Business Green

And there were conflicting reports over the price tag attached to the new support package. Truss ally Iain Duncan Smith told The Times the package was likely to cost in the region of £90bn, while other reports put the estimated cost at £100bn and Bloomberg reported the total cost could reach £130bn.

Energy 69