A top central banker has warned of the economic damage that the rush to ‘Net-Zero’ could cause, and illustrates the point by stating that deleting Europe’s architectural history would be required to achieve severe green expectations. Among the comments made by Paolo Angelini, deputy governor of the Bank of Italy, about European Net Zero ambitions … Read more
Household energy bills will rise by approximately £120 per year to fund the development of hydrogen gas as part of the government’s net zero agenda. Between 2030 and 2040, the programme to manufacture low-carbon hydrogen is expected to cost £3.5 billion per year. According to reports, the costs could be added to home bills beginning … Read more
Sadiq Khan has come under fire when it was revealed that the cost of his new City Hall has risen by about £2 million, bringing the total to more than £30 million. The London Mayor abandoned the Greater London Authority’s purpose-built headquarters in Southwark in favour of a renovated small conference hall in Newham, which … Read more
In order to meet net zero goals, households will be penalised if they do not switch from gas, according to a new rule announced today. Grant Shapps, Secretary of State for Energy Security and Net Zero, commented on the new proposal on Wednesday. If we want people to switch to an electricity-based economy, [levies] should … Read more
Households are facing a decade of higher energy bills from the race to hit net zero and inflated gas prices, KPMG has warned. According to Yael Selfin, chief economist at KPMG, bills will remain high for the next five to ten years because the “transition to net zero will add cost one way or another … Read more
Local governments have warned that new recycling laws could cause havoc because households may be required to have up to seven bins. The details of a major government waste collection reform in England are expected to be confirmed soon, as the country’s recycling rules become more consistent. Under new recycling plans due to be made … Read more
According to a report by Reuters, electric cars are being written off for minor damage to battery packs after accidents because there is no way to repair them. Insurance companies are increasingly being forced to permanently remove cars from the road following minor collisions, raising premiums on electric vehicles (EVs). According to the report, scratched … Read more