{"id":335120,"date":"2024-06-28T17:26:05","date_gmt":"2024-06-28T15:26:05","guid":{"rendered":"https:\/\/climatescience.press\/?p=335120"},"modified":"2024-06-28T17:26:07","modified_gmt":"2024-06-28T15:26:07","slug":"true-cost-of-labours-net-zero-target-revealed-in-audio-leak","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=335120","title":{"rendered":"True cost of Labour\u2019s net zero target revealed in audio\u00a0leak"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

From NOT A LOT OF PEOPLE KNOW THAT <\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

h\/t Paul Kolk<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Reaching Labour\u2019s target for decarbonising the economy will cost \u201chundreds of billions\u201d of pounds, a shadow minister has disclosed in a recording obtained by The Telegraph.<\/em><\/p>\n\n\n\n

Darren Jones, the shadow chief secretary to the Treasury, said the \u00a328 billion per year originally allocated to <\/em>Labour\u2019s green investment plan<\/em><\/a> was a \u201ctiny\u201d amount.<\/em><\/p>\n\n\n\n

He said the fact that Sir Keir Starmer had <\/em>downgraded his investment plans from \u00a328 billion to \u00a34.7 billion<\/em><\/a> \u201cmade it sound as if we basically junked the whole thing but we definitely haven\u2019t\u201d.<\/em><\/p>\n\n\n\n

Mr Jones told a public meeting in Bristol that private capital would have to be used to upgrade infrastructure, but \u201cpublic subsidy\u201d would still be needed alongside that.<\/em><\/p>\n\n\n\n

His comments are set to reignite the row over Labour\u2019s spending plans.<\/em><\/p>\n\n\n\n

On Wednesday night, Rishi Sunak challenged Sir Keir about the revelation, saying during a debate on the BBC: \u201cJust be straight with people, how many hundreds is it. Is it 200, is it 300, is it 400?\u201d<\/em><\/p>\n\n\n\n

Sir Keir, the Labour leader, appeared to argue that some of the money would be invested by the private sector rather than just the public sector.<\/em><\/p>\n\n\n\n

Mr Jones was asked about Labour\u2019s green investment plan during a meeting held in a cinema on March 14, the month after Sir Keir dropped his proposal for a \u00a328 billion-a-year green industrial revolution.<\/em><\/p>\n\n\n\n

He told the meeting that the \u00a328 billion figure \u201cbecame a distraction against the mission of <\/em>decarbonising the power system<\/em><\/a> by 2030\u201d and that \u201cit wasn\u2019t really defined well enough in the first place, so we probably shouldn\u2019t have announced it in the way we did\u201d.<\/em><\/p>\n\n\n\n

Mr Jones told an audience member who spoke to him at the end of the meeting that decarbonising the power system \u201cis still one of the top five priorities and it is going to be a huge amount of effort to get there because we\u2019ll have to move quite quickly.<\/em><\/p>\n\n\n\n

\u201cBut a lot of the coverage in the news was about that specific 28 [billion pounds], which because journalists saw conflict made it sound as if we basically junked the whole thing but we definitely haven\u2019t.\u201d<\/em><\/p>\n\n\n\n

When an audience member said some people would say that \u00a328 billion a year was not enough to decarbonise the economy, Mr Jones replied: \u201cNo, it\u2019s tiny. Hundreds of billions of pounds we need.\u201d<\/em><\/p>\n\n\n\n

https:\/\/www.telegraph.co.uk\/politics\/2024\/06\/26\/labour-net-zero-plans-hundreds-billions-darren-jones-audio<\/a><\/p>\n\n\n\n

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

Starmer\u2019s claim that some of the money will be invested by the private sector is utter irrelevant. Whether it is government or private money, it will still have to be paid for ultimately by the public.<\/p>\n\n\n\n

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

Reaching Labour\u2019s target for decarbonising the economy will cost \u201chundreds of billions\u201d of pounds, a shadow minister has disclosed in a recording obtained by The Telegraph.<\/p>\n

Darren Jones, the shadow chief secretary to the Treasury, said the \u00a328 billion per year originally allocated to Labour\u2019s green investment plan was a \u201ctiny\u201d amount.<\/p>\n","protected":false},"author":121246920,"featured_media":335124,"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":[691829459,691820026,691825083],"class_list":{"0":"post-335120","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-labours-green-investment-plan","9":"tag-sir-keir-starmer","10":"tag-zero-targets","12":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/06\/0joker-money-burning-sg-1920x1200-1.jpg?fit=1920%2C1200&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1pba","jetpack-related-posts":[{"id":310399,"url":"https:\/\/climatescience.press\/?p=310399","url_meta":{"origin":335120,"position":0},"title":"Britain\u2019s energy system will not hit net zero until 2035, National Grid tells Labour","author":"uwe.roland.gross","date":"19\/03\/2024","format":false,"excerpt":"Britain\u2019s electricity networks will not hit net zero until 2035, National Grid has said, undermining\u00a0a key pledge by Labour\u00a0to hit that target by 2030.","rel":"","context":"In \"energy insecurity\"","block_context":{"text":"energy insecurity","link":"https:\/\/climatescience.press\/?tag=energy-insecurity"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/03\/0net-zero-istock-1190148959.jpg?fit=1200%2C761&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":334449,"url":"https:\/\/climatescience.press\/?p=334449","url_meta":{"origin":335120,"position":1},"title":"Labour\u2019s net zero grid will require \u2018huge sacrifice\u2019, warns energy\u00a0chief","author":"uwe.roland.gross","date":"25\/06\/2024","format":false,"excerpt":"Javier Cavada, European boss of Mitsubishi Power, said the rollout of green energy schemes planned by Sir Keir Starmer and Ed Miliband, the shadow energy secretary, would have to move at an unprecedented speed to stand a chance of success. 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