First up, via ZeroHedge, May 4:
Three quarters of UK adults say they think the government will not hit its goal of decarbonising all sectors of the economy by 2050, according to a survey conducted by YouGov.
In fact, as Statista's Anna Fleck reports, out of more than 3,200 people, only 10 percent said they thought it was likely the UK would reach its targets.
You will find more infographics at Statista
The survey comes in the wake of the UK’s announcement of its new energy plan “Powering Up Britain”, by the Department for Energy Security and Net Zero.
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And perhaps more importantly, from Bloomberg, March 10:
Bank of England Will Cut Spending for its Work on Climate Change
....MUCH MORE
The Bank of England plans to cut spending on climate change work and redirect the money to core functions because of rising pressures on its costs.
Climate programs will slip lower on the central bank’s agenda so officials can focus more on the core operations such as financial stability, markets and a digital currency, according to a person with knowledge of the situation who asked not to be named. The BOE’s climate work currently focuses on building ESG disclosure guidelines, preparing insurers for risks from rising global temperatures and getting banks to carbon-test their balance sheets.
The move marks a sharp break from the emphasis Mark Carney put on climate during his term as BOE governor from 2013 to 2020. It reflects calls by politicians for the current Governor Andrew Bailey to focus on controlling inflation and identifying potential threats to financial markets.
Carney put climate-related risks to the economy at the heart of the BOE’s financial stability mandate, ordering stress tests on commercial lenders to ensure they were taking the long-term impact of rising global temperatures into account. He later became a United Nations special envoy on climate....
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