The Backlash Against Climate Policy: What Happens If the UK Backs Away?
There’s a growing sense that the political winds are shifting. Across the world, climate policies that once seemed inevitable are facing serious pushback. Trump is back in office, promising to supercharge fossil fuels and withdraw (again) from the Paris Agreement. Right-wing parties across Europe are making gains on platforms that include rolling back green regulations. In the UK, investment in renewables is stagnating, and court rulings have put the future of key North Sea oil and gas projects in doubt.
So what happens if the UK follows this global trend? What if we start backtracking on climate action? If you’re an energy investor, a consumer, or, well, someone who cares about how much their electricity bill costs, the answer isn’t pretty.