{"id":280702,"date":"2023-09-27T14:10:12","date_gmt":"2023-09-27T12:10:12","guid":{"rendered":"https:\/\/climatescience.press\/?p=280702"},"modified":"2023-09-27T14:10:15","modified_gmt":"2023-09-27T12:10:15","slug":"the-european-rebellion-against-the-sacred-quest-for-netzero-spreads-green-investors-shocked","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=280702","title":{"rendered":"The European rebellion against the Sacred Quest for NetZero spreads \u2014 Green investors \u201cshocked\u201d"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From JoNova<\/a><\/p>\n\n\n\n

\"\"
Turtle Castle image by\u00a0SAIF 4<\/strong><\/a><\/figcaption><\/figure>\n\n\n\n

By Jo Nova<\/a><\/h4>\n\n\n\n

Rishi Sunak\u2019s delay in the NetZero Quest was the crack in the Uniparty Wall<\/h4>\n\n\n\n

Thanks to NetZeroWatch<\/a><\/p>\n\n\n\n

It threatens to ignite a climate election.  It matters, because now, suddenly, one party can point out the absurdities and the costs. They can be an Opposition, and mock the sacred cows. That doesn\u2019t mean Sunak will do that, but the fork in the road has opened, the world is watching \u2014 and his party is suddenly up four points.<\/p>\n\n\n\n

The Green funds cartel is \u201cin shock\u201d sayth Bloomberg<\/em>, at the Sunak shift \u2014 so it must be pretty serious.  Green investors are using the words \u201cdismay\u201d and \u201cbewilderment\u201d, which they almost never use. Green investment relies almost entirely on crowd psychology and government subsidies, so normally bad news is padded and fluffed so it doesn\u2019t look so bad. We wouldn\u2019t want to lose momentum would we?<\/em> Boy are they losing momentum.<\/p>\n\n\n\n

Meanwhile Sweden has not only cut climate money a bit, it\u2019s unshackled some taxes off fossil fuels as well, leaving the centre left apoplectic and threatening to move motions of no-confidence. It is unthinkable, apparently, but Sweden might even increase emissions.<\/p>\n\n\n\n

Germany has suspended draconian building efficiency standards <\/a>and stepped back from their full gas boiler ban<\/a>. They had wanted to ban all new \u201cfossil\u201d heaters from 2024, but after fierce protests, have instead brought in a much diluted and delayed version due to be adopted in 2028.  President Emmanuel Macron must have been watching the German and British debacles. His new plan rules out a complete ban on gas boilers,<\/a> and talks about protecting vulnerable people in rural areas, and even how the French love their cars<\/a>.<\/p>\n\n\n\n

What\u2019s more scary than climate change? \u2014  The rise of the far-right<\/em><\/h4>\n\n\n\n

The quote of the day is from a German politician who sums up the major driver of these policy shifts.<\/p>\n\n\n\n

Earlier this month, German Finance Minister Christian Lindner told Politico that stricter energy efficiency rules for buildings could fuel the rise of the far-right,<\/strong> amid growing apathy across Europe over plans to reach net zero.<\/p>\n\n\n\n

\u2014 CleanEnergyWire<\/a><\/p>\n\n\n\n

So Climate Change might cause the sixth mass extinction of life on Earth, but nothing is more frightening than the possibility of the far-left losing power at elections.*<\/p>\n\n\n\n

Polls have leapt for the conservative government in the UK since Rishi Sunak slowed the NetZero train<\/h4>\n\n\n\n

This is what all the Climate-believer politicians are afraid of. Deep down, they know the NetZero quest is not popular with the masses, even though they say it is all the time. If they thought climate policies were really winners with the workers, they wouldn\u2019t be so afraid of their opponents catching the skeptical train would they? Instead, they are aghast when their opponents dare suggest other priorities might be higher than changing the weather.<\/p>\n\n\n\n

Nightmare for \u2018unpopular\u2019 Starmer as lead over Tories plummets in shock new poll<\/a><\/h4>\n\n\n\n

Express, UK<\/em><\/p>\n\n\n\n

Deltapoll polled people from the 22nd to 25th, and saw a four point swing from Labour to the Tories compared to their last poll 10 days ago. Labour are down three points, with Mr Sunak\u2019s party rising five points. While Labour is still ahead of the Tories by 16 points, this is a significant swing in a short amount of time.<\/p>\n\n\n\n

The poll was of 1,507 adults from Great Britain\u2026<\/p>\n\n\n\n

This is a very good sign. Financial types almost never speak unguarded, out loud, lest they scare the horses. This is panic:<\/p>\n\n\n\n

Green fund managers in \u2018complete shock\u2019 after Sunak\u2019s Net Zero rollback<\/strong><\/a>
Bloomberg<\/strong><\/em><\/h4>\n\n\n\n

Some of the world\u2019s biggest green investors are voicing dismay and bewilderment as they struggle to digest the UK government\u2019s stated intention to wind back key climate commitments.<\/strong><\/h4>\n\n\n\n

\u201cIt was a complete shock,\u201d said Ian Simm, founder and chief executive of London-based Impax Asset Management Group Plc, a low-carbon fund investor overseeing close to $50 billion in assets. Britain\u2019s official policy now represents \u201ca risk for anyone considering an investment in the UK that\u2019s dependent on government policy,\u201d he said.<\/p>\n\n\n\n

Investments in \u201cgovernment policy\u201d are always riskier compared to investments in essential goods and services. They\u2019re shaking, because the magic spell has broken. The cash cow might evaporate.<\/p>\n\n\n\n

Unthinkable \u2014 Sweden has not only cut funding to climate action but cut the taxes on fossil fuels too:<\/a><\/strong><\/p>\n\n\n\n

by Miranda Bryant, The Guardian<\/em><\/strong><\/p>\n\n\n\n

Sweden\u2019s government has come under criticism after unveiling a budget that will dramatically increase carbon emissions.<\/a><\/p>\n\n\n\n

The budget, unveiled on Wednesday morning, includes a 259m krona (\u00a319m) reduction in funding for climate and environmental measures next year, and tax cuts on petrol and diesel.<\/p>\n\n\n\n

Rickard Nordin, the climate and energy spokesperson for the opposition Centre party, condemned the climate cuts, which he said were unprecedented.<\/p>\n\n\n\n

\u201cWhat has happened is that the Swedish government is consciously increasing emissions,\u201d he said. \u201cNo Swedish government in modern times has consciously increased emissions. Few countries in the world have done that and it\u2019s extremely serious.\u201d<\/p>\n\n\n\n

Amazing he could say it with a straight face \u2014 few countries have consciously increased emissions,<\/em> he says, as if China and India don\u2019t exist.<\/p>\n\n\n\n

Macron is changing his tune too:<\/p>\n\n\n\n

\u201cWe will not prohibit\u201d the installation of new gas boilers, he said, \u201cbecause we cannot leave our compatriots, particularly in the most rural areas, without a solution,\u201d said Mr Macron.<\/p>\n\n\n\n

Mr Sunak pushed back the ban on purchases of new gas boilers<\/a> to 2035.<\/p>\n\n\n\n

The French \u201clove their car, and I do too\u201d said Mr Macron on Sunday in a prime-time TV interview, acknowledging public reluctance to switch to electric vehicles with higher purchase prices than combustion-engine cars.<\/p>\n\n\n\n

So many key words repeated in so many countries at the same time.<\/p>\n\n\n\n

*We breathe a sigh of relief that some elections still matter.\u00a0This is good news.<\/em><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

The Green funds cartel is \u201cin shock\u201d sayth\u00a0Bloomberg, at the Sunak shift \u2014 so it must be pretty serious.\u00a0 Green investors are using the words \u201cdismay\u201d and \u201cbewilderment\u201d, which they almost never use. Green investment relies almost entirely on crowd psychology and government subsidies, so normally bad news is padded and fluffed so it doesn\u2019t look so bad.\u00a0We wouldn\u2019t want to lose momentum would we?\u00a0Boy are they losing momentum.<\/p>\n","protected":false},"author":121246920,"featured_media":280707,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691818056,691818076,691823011,691823012,691818154,691821045,691819094],"class_list":{"0":"post-280702","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-climate-change","9":"tag-co2","10":"tag-european-rebellion","11":"tag-green-fund","12":"tag-net-zero","13":"tag-prime-minister-rishi-sunak","14":"tag-renewable-green-energy","16":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-799.png?fit=1280%2C720&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1b1s","jetpack-related-posts":[{"id":331873,"url":"https:\/\/climatescience.press\/?p=331873","url_meta":{"origin":280702,"position":0},"title":"Getting Ready For The European Elections","author":"uwe.roland.gross","date":"06\/06\/2024","format":false,"excerpt":"The Global Warming Policy Foundation 2024 American speaking tour is now set for next week. Dr. Benny Peiser, Director of the GWPF, and I will be speaking at three events on June 11, 12 and 13 on the topic of \u201cEurope\u2019s Net Zero Rebellion, European elections, and the coming U.S.\u2026","rel":"","context":"In \"European elections\"","block_context":{"text":"European elections","link":"https:\/\/climatescience.press\/?tag=european-elections"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00eu.jpg?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00eu.jpg?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00eu.jpg?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00eu.jpg?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/00eu.jpg?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":294162,"url":"https:\/\/climatescience.press\/?p=294162","url_meta":{"origin":280702,"position":1},"title":"Chris Skidmore quits to leave Rishi Sunak facing another by-election","author":"uwe.roland.gross","date":"07\/01\/2024","format":false,"excerpt":"A former energy minister has quit over Rishi Sunak\u2019s plans to boost\u00a0oil and gas fields in the North Sea, ahead of a major Commons battle next week.","rel":"","context":"In \"Chris Skidmore\"","block_context":{"text":"Chris Skidmore","link":"https:\/\/climatescience.press\/?tag=chris-skidmore"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0Chris-Skidmore.webp?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0Chris-Skidmore.webp?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0Chris-Skidmore.webp?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0Chris-Skidmore.webp?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/01\/0Chris-Skidmore.webp?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":225928,"url":"https:\/\/climatescience.press\/?p=225928","url_meta":{"origin":280702,"position":2},"title":"British Government Grants Itself New Powers to Cap Renewable Energy Profits","author":"uwe.roland.gross","date":"27\/10\/2022","format":false,"excerpt":"Are renewable energy investors in Britain about to experience financial hardship, like Spanish investors in 2010?","rel":"","context":"Similar post","block_context":{"text":"Similar post","link":""},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1274.png?fit=800%2C400&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1274.png?fit=800%2C400&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1274.png?fit=800%2C400&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2022\/10\/image-1274.png?fit=800%2C400&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":279842,"url":"https:\/\/climatescience.press\/?p=279842","url_meta":{"origin":280702,"position":3},"title":"Ben Pile: Rishi\u2019s Net Zero delay has outed the Green Blob\u2019s threadbare\u00a0theory","author":"uwe.roland.gross","date":"21\/09\/2023","format":false,"excerpt":"Rishi Sunak\u2019s \u2018watering down\u2019 of certain Net Zero targets is the first time that the green policy agenda has had ANY scrutiny of any consequence, despite many failures, starting with the ruinously expensive Renewable Obligation, extending into the totally failed CfDs that allowed wind farm developers to lie to achieve\u2026","rel":"","context":"In \"ESG\"","block_context":{"text":"ESG","link":"https:\/\/climatescience.press\/?tag=esg"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-663.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-663.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-663.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-663.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/image-663.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":289472,"url":"https:\/\/climatescience.press\/?p=289472","url_meta":{"origin":280702,"position":4},"title":"EUROPEANS ARE WAKING UP TO THE GLOBAL WARMING RORT","author":"uwe.roland.gross","date":"01\/12\/2023","format":false,"excerpt":"From The Carbon Sense Coalition By Cliff Reece The PVV (Party for Freedom) led by Geert Wilders (pictured above) emerged victorious in a seismic election in the Netherlands last week that resulted in fears from left-wing climate activists\u2019 groups that it will adversely impact on the country\u2019s global warming objectives.\u2026","rel":"","context":"In \"\u20ac60 billion in emergency borrowing\"","block_context":{"text":"\u20ac60 billion in emergency borrowing","link":"https:\/\/climatescience.press\/?tag=e60-billion-in-emergency-borrowing"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/image-13.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/image-13.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/image-13.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/image-13.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/12\/image-13.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":279938,"url":"https:\/\/climatescience.press\/?p=279938","url_meta":{"origin":280702,"position":5},"title":"The Impossibility of Net Zero","author":"uwe.roland.gross","date":"22\/09\/2023","format":false,"excerpt":"Rishi Sunak\u2019s \u2018watering down\u2019 of certain Net Zero targets is the first time that the green policy agenda has had ANY scrutiny of any consequence, despite many failures, starting with the ruinously expensive Renewable Obligation, extending into the totally failed CfDs that allowed wind farm developers to lie to achieve\u2026","rel":"","context":"In \"eco-catastrophists\"","block_context":{"text":"eco-catastrophists","link":"https:\/\/climatescience.press\/?tag=eco-catastrophists"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00destroyed_city_by_nacho3-d73xc32.jpg?fit=1195%2C669&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00destroyed_city_by_nacho3-d73xc32.jpg?fit=1195%2C669&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00destroyed_city_by_nacho3-d73xc32.jpg?fit=1195%2C669&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00destroyed_city_by_nacho3-d73xc32.jpg?fit=1195%2C669&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/09\/00destroyed_city_by_nacho3-d73xc32.jpg?fit=1195%2C669&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/280702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=280702"}],"version-history":[{"count":5,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/280702\/revisions"}],"predecessor-version":[{"id":280709,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/280702\/revisions\/280709"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/280707"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=280702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=280702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=280702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}