UK’s green industrial strategy delayed until autumn, Chancellor says

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. And so we will return to this and we’re doing a lot of very detailed work.” Shadow climate change secretary Ed Miliband said yesterday that the UK is losing the “global green race” during a speech where he outlined Labour’s ideas for a green industrial revolution. Writing on social media, Mr Miliband called the Chancellor’s decision “absolutely shameful”, adding: “As other countries in the global race for clean jobs and industries speed off into the distance, the Tories are going to waste months deciding whether to tie up their laces.” Chris Stark, chief executive of the Climate Change Committee, said the next few months are “completely critical” for luring green investment to the UK. He said: “There is a really important need to signal to the wider world, to the investor community, to global companies that have choices about where they put their capital, that we are responding in the right way to this crisis, that we have still got good plans in place to deliver goals like the 2035 power target.” This delay could be the final nail in the coffin for some investors looking for long-term policy and regulatory certainty Jess Ralston, Energy and Climate Intelligence Unit The Government must publish its revised net zero strategy on Thursday after legal action involving ClientEarth, Friends of the Earth and the Good Law Project led to a judge finding the previous version to be unlawful. “For the UK, waiting for the autumn means more lost time, more lost investment and a missed opportunity to seize the benefits that come with greening our economy.” Jess Ralston, head of energy at the Energy and Climate Intelligence Unit said: “It has taken about six months for the EU to respond to the US Inflation Reduction Act and the bloc has 27 members, so businesses and investors may be questioning why it looks like it will take more than a year for the UK to do so.