British Prime Minister Rishi Sunak. AP
British Prime Minister Rishi Sunak. AP
British Prime Minister Rishi Sunak. AP
British Prime Minister Rishi Sunak. AP

Rishi Sunak to change UK net-zero plans 'for the better'


Soraya Ebrahimi
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UK Prime Minister Rishi Sunak is poised to water down some of Britain's net zero policies, triggering a backlash from green-minded MPs.

Environmentalists and senior Conservatives warned against a climbdown that former Cop26 president Alok Sharma would "not help economically or electorally". But Home Secretary Suella Braverman said net zero policies must not mean "bankrupting the British people".

Prime Minister Rishi Sunak plans to give a speech in the coming days setting out "important long-term decisions". He said Britain was still committed to net zero by 2050 but did not deny that policy changes were coming.

The plans leaked to the BBC suggested that, among other things, deadlines to ban new petrol cars from 2030 and phasing out gas boilers from 2035 could be postponed.

Speaking for the government on a morning broadcast round, Ms Braverman said these were "goals, not straitjackets".

"We’re not going to save the planet by bankrupting the British people,” she said.

Mr Sharma told BBC radio that backtracking on climate goals would be "incredibly damaging for business confidence, for inward investment".

“And frankly, I really do not believe that it’s going to help any political party electorally which chooses to go down this path,” he said.

Mr Sunak responded to the leak with a statement saying he was "proud that Britain is leading the world on climate change".

“We are committed to Net Zero by 2050 and the agreements we have made internationally – but doing so in a better, more proportionate way.

“I’ll be giving a speech this week to set out an important long-term decision we need to make so our country becomes the place I know we all want it to be for our children.”

The Prime Minister's announcement comes amid reports he was considering watering down some of the government’s net-zero pledges.

Although he is not expected to ditch the legal commitment to reach net-zero carbon emissions by 2050, he could say that the UK has overperformed on dealing with climate change and that other nations need to increase their action, according to the broadcaster.

The BBC said it had seen documents suggesting there could be changes to as many as seven core policies or commitments.

This could include weakening the plan to phase out gas boilers from 2035 and delaying the ban on the sale of new petrol and diesel cars – currently due in 2030 – by five years.

The PA news agency understands some Tory MPs are considering writing letters of no confidence in Mr Sunak if he goes ahead with the changes.

He has repeatedly used the language of pragmatism and proportionality when discussing net zero, but campaigners and activists have accused him of a lack of interest in climate policies.

Eight countries with net-zero emissions – in pictures

  • Guyana is net zero thanks to dense rainforest cover, despite being a newly oil-producing nation. AFP
    Guyana is net zero thanks to dense rainforest cover, despite being a newly oil-producing nation. AFP
  • Bhutan was the first country to report net-zero emissions. Getty
    Bhutan was the first country to report net-zero emissions. Getty
  • Niue's emissions are negligible, at less than 0.0001 per cent. Photo: Flickr
    Niue's emissions are negligible, at less than 0.0001 per cent. Photo: Flickr
  • Suriname's forests absorb billions of tonnes of CO2. Getty
    Suriname's forests absorb billions of tonnes of CO2. Getty
  • Panama was one of the first three countries to report net-zero emissions. Photo: Flickr
    Panama was one of the first three countries to report net-zero emissions. Photo: Flickr
  • The Comoros government has reported its carbon emissions have been in the negative since at least 2015. AFP
    The Comoros government has reported its carbon emissions have been in the negative since at least 2015. AFP
  • Almost 90 per cent of Gabon's surface is covered by forests, allowing for optimal carbon absorption. Getty
    Almost 90 per cent of Gabon's surface is covered by forests, allowing for optimal carbon absorption. Getty
  • Madagascar may lose its net-zero status if rampant deforestation continues. Photo: Alexandra Laube / imageBROKER / Shutterstock
    Madagascar may lose its net-zero status if rampant deforestation continues. Photo: Alexandra Laube / imageBROKER / Shutterstock

Conservative success in the summer’s Uxbridge and South Ruislip by-election, won largely through a campaign against the expansion of the ultra-low emission zone, has led some MPs to call for Mr Sunak to water down or abandon net-zero pledges.

While he has repeatedly said he is committed to cutting carbon emissions, the granting of new oil and gas licences and recent moves to curb green policies have attracted criticism.

“The decision will cost the UK jobs, inward investment, and future economic growth that could have been ours by committing to the industries of the future,” said Chris Skidmore, a Conservative former energy minister who has become increasingly outspoken on net zero.

“It will potentially destabilise thousands of jobs and see investment go elsewhere.

“And ultimately, the people who will pay the price for this will be householders whose bills will remain higher as a result of inefficient fossil fuels and being dependent on volatile international fossil fuel prices.

“Rishi Sunak still has time to think again and not make the greatest mistake of his premiership, condemning the UK to missing out on what can be the opportunity of the decade to deliver growth, jobs and future prosperity.”

Tory former Cabinet minister Sir Simon Clarke tweeted that “it is in our environmental, economic, moral and (yes) political interests as @Conservatives to make sure we lead on this issue rather than disown it”.

“This is a total farce. The country cannot go on with a Conservative government in total disarray, stumbling from crisis to crisis,” a Labour Party representative said.

“Ministers need to urgently provide clarity on all eight of the policies reportedly up for review.”

Jess Ralston, head of energy at the Energy and Climate Intelligence Unit, said: “All of this would leave us more dependent on foreign oil and gas, less energy independent and with investors spooked.

“As the rest of the world is rushing to invest in net-zero industries, any further rowing back by the UK would leave our international standing further tarnished.”

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How to watch Ireland v Pakistan in UAE

When: The one-off Test starts on Friday, May 11
What time: Each day’s play is scheduled to start at 2pm UAE time.
TV: The match will be broadcast on OSN Sports Cricket HD. Subscribers to the channel can also stream the action live on OSN Play.

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In the village of Mevagissey in southwest England the housing stock has doubled in the last century while the number of residents is half the historic high. The village's Neighbourhood Development Plan states that 26% of homes are holiday retreats. Prices are high, averaging around £300,000, £50,000 more than the Cornish average of £250,000. The local average wage is £15,458. 

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

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Rating: 4/5

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Liverpool 4 (Salah (pen 4, 33', & pen 88', Van Dijk (20')

Leeds United 3 (Harrison 12', Bamford 30', Klich 66')

Man of the match Mohamed Salah (Liverpool)

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Courtesy: Crystal Intelligence

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Trump v Khan

2016: Feud begins after Khan criticised Trump’s proposed Muslim travel ban to US

2017: Trump criticises Khan’s ‘no reason to be alarmed’ response to London Bridge terror attacks

2019: Trump calls Khan a “stone cold loser” before first state visit

2019: Trump tweets about “Khan’s Londonistan”, calling him “a national disgrace”

2022:  Khan’s office attributes rise in Islamophobic abuse against the major to hostility stoked during Trump’s presidency

July 2025 During a golfing trip to Scotland, Trump calls Khan “a nasty person”

Sept 2025 Trump blames Khan for London’s “stabbings and the dirt and the filth”.

Dec 2025 Trump suggests migrants got Khan elected, calls him a “horrible, vicious, disgusting mayor”

Updated: September 20, 2023, 8:31 AM