UK Election: Lim Dems pledge £100bn climate fund

A Liberal Democrat government would spend £100bn tackling the effects of climate change and protecting the environment, the party’s deputy leader has announced.

Sir Ed Davey said the five-year investment would “jump-start” efforts to combat the “climate emergency”.

The pledge would be funded through borrowing and tax changes, to be set out in detail in the party’s manifesto.

The Conservatives and Labour both have targets to reduce carbon emissions.

Sir Ed, who served as secretary of state for energy and climate change in the coalition government, said his party would “decarbonise capitalism” if elected.

He said a Lib Dem administration would be a “government of business” by stopping Brexit, increasing investment in infrastructure, and promoting new green jobs.

Speaking in Leeds, he also pledged his party would build a new tram or metro system in the West Yorkshire city.

Sir Ed, who is also the party’s finance spokesman, said the climate investment would include a new £10bn “renewable power fund” to leverage more than £100bn of extra private climate investment.

“This will fast track deployment of clean energy, to make Britain not just the world leader in offshore wind, but also the global number one in tidal power too.

“And we will invest £15bn more to make every building in the country greener, with an emergency ten-year programme to save energy, end fuel poverty and cut heating bills.”

The party said the policy would be funded through £85bn of borrowing and £15bn raised through tax changes, which will be detailed in its manifesto.

Sir Ed also attacked the “fantasy economics” of Prime Minister Boris Johnson and Labour leader Jeremy Corbyn, claiming that the spending plans unveiled by the two parties represent a “debate between fantasies”.

“Fantasies born of nostalgia for a British Imperial past. Competing with fantasies from a failed 1970s ideology.”

Source: BBC News

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Climate Change is the cause of Venice flood says Mayor

Severe flooding in Venice that has left much of the Italian city under water is a direct result of climate change, the mayor says.

The highest water levels in the region in more than 50 years would leave “a permanent mark”, Venice Mayor Luigi Brugnaro tweeted.

A man crosses the flooded St. Mark's Square in high water levels in Venice, 13 November 2019

“Now the government must listen,” he added. “These are the effects of climate change… the costs will be high.”

The waters in Venice peaked at 1.87m (6ft), according to the tide monitoring centre. Only once since official records began in 1923 has the tide been higher, reaching 1.94m in 1966.

Climate Change: Global flood emergency crisis

Global flood emergency, evacuation, disruption, destruction of properties and even death has been seen all over the world in Europe, Asia, African etc

Europe

UK – Evacuations After Heavy Rain and Floods in Northern and Central England. 8 November, 2019. Parts of northern and central England saw around a month’s worth of rain on 07 November, 2019. Rivers in South Yorkshire, Nottinghamshire and most of the north of England. Rescuers pull a boat through floodwater in Fishlake, Doncaster

Italy – Parts of the Italian city of Venice have been left under water after the highest tide in more than 50 years. The waters peaked at 1.87m (6ft), according to the tide monitoring centre. Only once since records began in 1923 has the tide been higher, reaching 1.94m in 1966. People wade through water in St Mark's Square

 Asia

India – Monsoon floods hit more than 25 million people in S. Asia By Robin Gomes More than 25 million people are hit by flooding due to the torrential monsoon rains in Bangladesh, India, Nepal and Myanmar, with more than half a million people displaced, according to humanitarian groups collaborating with United Nations agencies. Death toll rises to more than 660 in South Asia. Severe floods and lightning kill at least 666 across India, Nepal, Bangladesh and Pakistan as monsoon takes its toll.

Japan – At least nine people are reported dead as Japan recovers from its biggest storm in decades. Typhoon Hagibis triggered floods and landslides as it battered the country with wind speeds of 225km/h.

Africa

Mozambique – The floods in Mozambique, one of Africa’s poorest countries, have already destroyed 5,756 homes, affecting 15,467 households and 141,325 people.

Central African Republic – More than 6,000 people have lost their homes to flooding in Bangui, the capital of the Central African Republic. Heavy rains have worsened the plight of residents following the outburst.

South Africa –  Durban floods; Seventy people died in floods that ravaged parts of the coastal province of KwaZulu-Natal in South Africa’s southeast, local authorities said.

Global Initiatives and actions are required to address one of the critical issues of our time.

 

Climate change: Airlines putting profit before planet through “Fuel tankering”

A British Airways whistleblower has revealed an industry-wide practice that deliberately adds weight to flights, increasing greenhouse gas emissions.

“Fuel tankering” sees planes filled with extra fuel, usually to avoid paying higher prices for refuelling at their destination airports.

It could mean extra annual emissions equivalent to that of a large town.

BA said it was common to carry extra fuel for “operational, safety and price reasons”.

BBC Panorama has discovered the airline’s planes generated an extra 18,000 tonnes of carbon dioxide last year through fuel tankering.

John Sauven, Greenpeace UK’s executive director, told the BBC this was a “classic example of a company putting profit before planet”.

He added: “This is why we can’t afford another decade of believing corporate greenwash and waiting for the voluntary carbon reductions to appear.

“We need tough regulations to limit aviation’s emissions, because so long as there’s money in polluting, they’ll pollute as much as they can.”

Source: BBC News

Flood rescue in Northern part of England

People are being evacuated from their homes and there is chaos on the roads and trains after torrential downpours flooded parts of northern England.

Six severe warnings – meaning a danger to life – are in place along the River Don in Doncaster with some residents being told to leave their homes.

Dozens of people slept on chairs and benches after being left stranded in a shopping centre in Sheffield overnight.

People are being ferried to safety in Rotherham

More than 100 flood warnings are in place across England

Fran Lowe, from the Environment Agency (EA), said urged people to take them seriously “as they represent a threat to life”.

“Respond immediately and get out of any place affected by a severe flood warning,” she said.

More than 50 people have been rescued from their static homes after a caravan site near Doncaster flooded.

Elderly and vulnerable people were among those who were led to safety from Willow Bridge Caravan Site after the River Don overtopped in the area.

Meanwhile, residents in Rotherham have been told to stay at home and not leave unless asked to do so by emergency services.

The council said the town centre, Whiston, Catcliffe and Laughton Common were areas of greatest concern.

Source: BBC News

UK Election 2019: Is Climate Change a deal breaker for you?

Sian Berry  Co-leader of the Green Party on the launch of their general election campaign said: “Some things are even bigger than Brexit. This must be the climate election. The future won’t get another chance.”

The party says it would fund their climate change pledge of £100bn a year by borrowing £91.2bn a year, with an extra £9bn from “tax changes”.

The party also set out plans to make Britain carbon neutral by 2030.

Conservative party  has already committed to cut carbon emissions to net zero by 2050, a move announced by former Prime Minister Theresa May before she left office earlier this year.

Boris Johnson led Conservatives on his election campaign said they have “a proper plan to continue reducing carbon emissions” which will build on the “400,000 low carbon jobs we’ve already created (while in government)”.

Labour has also set out some of its own environmental pledges, including a promise to cut UK carbon emissions by 10% through a home improvement programme.

A Labour government would fund £60bn of energy-saving upgrades, such as loft insulation, enhanced double glazing and new heating systems, by 2030.

The question now is which party and who do you trust to deliver on climate change and will it be a deal breaker for you?

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk