Speaking as the government finalized its heating and building strategy, Mr Quarting expressed concern about the cost of the policy, saying only ministers could not write checks and achieve the goal.
“We don’t go into the hydrogen economy just by writing government checks,” he said.
By attracting private investment, we take this seriously, but if I want to be serious, we will do this with the government, yes, by writing some checks.
Mr Quarting warns of “high cost of living” because high taxes will inevitably cover the transition to green technologies: “We need to stimulate economic activity.” And you don’t encourage economic activity. They do not encourage investment by raising taxes, they do not encourage employment.
The companies argue that the cost of new technologies will fall “very quickly”, claiming that they will be “benefiting” in less than five years when they start investing in alternatives to gas heaters.
In a comment that could lead to negotiations with renewable companies, he said:
Mr Johnson said he needed 600,000 heat pumps to replace gas heaters by 2028 each year. Although gas heaters can pump 60C water into radiators, the government’s Climate Change Committee estimates that heat pumps operate at 50C.
Mr Quarting admits he still has a gas boiler, but says he plans to buy a heat pump.
He said different green heating solutions would be appropriate for different types of assets.
Mr. Johnson admits that heat pumps are now impossible for most people at the “Big Ten Pop”.
Mr. Quarting said, “I have … a gas boiler … but I have some money and I am in a situation where I can afford that transition and I want to make that transition. But I don’t really want to put pressure on people who can’t afford to make the transition. We have to do that work for people.
Our green industrial revolution will grow the economy using free market tradition
A.D. The prime minister has been accused of promising to reduce greenhouse gas emissions to zero by 2050.
However, as fears mount over Tori’s backstage over the potential financial burden on consumers, Kwasi Quarting expresses sympathy with those who warn of higher taxes.
Asked if there would be a higher tax rate to move to higher zero, Mr. Quarting simply said “no.”
“I think I am here, there is a high cost of living,” said the Secretary of Commerce and Energy.
Obviously, considering all the problems that we as a nation face, if we are in public finances, I would say bravely, there is a risk of taxes and expenses.
“The government always wants to protect vulnerable people in this transition, which is absolutely true. And another, this is a gradual process.
Some reports say: “Next week we will send people to scratch the heaters. That will not happen ይሆናል and it will be a very ordered process. ”
Mr Quarting, who has been a leading free market leader, believes there are concerns about the impact of higher taxes on individuals already struggling with the VV-19 epidemic.
‘I’m always skeptical about tax increases’
Speaking of tax increases in general, the former city analyst said: “I have always been very skeptical about tax increases in government.
“Yes, I think there is a need to balance the budget. I think the Chancellor’s instincts are right to do this. But at the end of the day, I always think that we need to stimulate economic activity. And you are not encouraging economic activity, you are not encouraging investment, you are not encouraging jobs by increasing taxes. That is easy.
The 46-year-old business writer has at some point in our history “forgotten British entrepreneurship” and taken a number of statistical steps. But basically, I think, we are the owners of the shops, we are the people of small businesses. My job as a business writer is to cultivate that spirit.
The net zero target set by Theresa May is likely to include statistical standards, and some of the back-to-back critics of Tory’s policy are government dictators.
However, Mr Quarting, who was appointed in January, said both private sectors could be funded by the government with the financial backing to start new green industries, and that it would help poorer families carry large bills. .
‘Great Economic Opportunity’
The policy itself offers “huge economic opportunities.” A whiteboard in the Office of the Secretary of Commerce lists the major investments recently announced by the leading companies in the British “Green Industrial Revolution” – a Nissan-ቢሊዮን 1 billion battery “gigafactory” to grow the company’s Sunderland car factory. Electric vehicles.
We work in the UK, using net zero to drive economic growth, drive jobs. I think this is a great historical opportunity.