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Showing posts with the label free trade

Is the UK serious about climate change?

The bells toll louder now, but will we listen and act?  The UK is hosting the climate summit, the 26th UN Climate Change Conference, COP26, at the end of October. No doubt it will set new targets or reiterate old ones, but more is needed.  Politicians need to face reality.  We need to set new goals for our economy and the way we live. It will require the most massive investment, probably bigger than the bail-out of the banking system.  If we can bail out the banks, we can save the environment from a cataclysmic global crisis. But governments need to be honest with their citizens.  Trading emissions is no longer an option.  It simply allows the wealthy and rich countries to park their responsibility onto the shoulders of others.  No doubt, the UK will boast about approaching its targets in reducing carbon emissions.  Sadly this is all a sleight of hand.  The UK has, in large part, achieved that by exporting its carbon emissions.  If the U...