Green rules have become ‘absolutely insane’, says Reeves
Rachel Reeves has said “absolutely insane” environmental regulation has gone too far and is now the biggest barrier to investing - even in green technology.
Speaking on a panel at the IMF’s spring meeting in Washington, the Chancellor said regulation had gone “too far in one direction”, adding that “well meaning regulations that come in for the right reasons end up stopping good things from happening.”
Ms Reeves said: “In the UK, that is particularly the case with environmental regulation.
“Environmental regulations are now the biggest barrier to investing in renewable energy in the UK. That is not the purpose of environmental regulation but they’re the things that are holding up pylons being built. They’re stopping wind farms from being built.”
No doubt Weird Ed told her that.
Maybe it's a minor bonus if the insane green rules really are hindering us from wallowing in even more insanity, but the day may come when it feels lonely outside the asylum.
5 comments:
An associated danger is that Environmental Regulations add enormously to the cost and duration of infrastructure works*, and arguably the cost of new homes.
Should we tear up the regulations? No, just make them proportionate. At the moment *any* proportionality is fiercely resisted.
*https://www.ft.com/content/917d4b7f-318e-46fe-ba44-664551ebcf13
Since "my environment" consists of everything in the universe that isn't me, it's natural that environmental regulation is going to be all-encompassing and therefore a great obstruction to doing anything at all.
Regulators are fanatics. They have no care for the well being of those who have to try to keep up with their ever more disproportionate pronouncements. Eventually society will grind to a halt as a result of their suffocating efforts.
DJ - strewth, 1.2bn even before construction starts. Says it all really.
dearieme - I hope they aren't thinking of regulating untidy aspects of the environment such as meteor showers.
Tammly - I've just posted about that, it's a pity we don't have a Trump to deal with it.
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