In today’s guardian newspaper was an article with the above headline. Apparently, Mr Cable has refused to accept the proposed ‘4th carbon budget’ Championed by Mr Huhne. To save on time I will quickly quote just some of Mr Cable’s stated reasons for that refusal:
“In his letter, dated 19 April, Cable says the proposed carbon budget is not ‘cost effective’.”
“He writes: “Agreeing too aggressive a level risks burdening the UK economy, which would be detrimental to UK, undermining the UK’s competitiveness and our attractiveness as a place to do business”.”
“It is important that we strike the right balance between our pursuit to decarbonise the UK economy whilst ensuring that UK economic growth and employment is sustained.”
The Guardian then goes on to explain:
His argument rests on a concern that Huhne’s plan relies on the securing of a cap on emissions trading across Europe that may not materialise. If this were not achieved, the UK would be left cutting carbon emissions unilaterally, which would risk putting industry at a disadvantage compared with outside competitors and “could lead to significant fiscal costs”.
Most crucially, it then adds this:
Instead, Cable argues for a weaker carbon target (my emphasis).
For those that know about Simpol, this is about as clear an example as can be conceived of of the desperate need for a simultaneous policy approach! Indeed Mr Cable’s entire argument rests on the fear of first mover disadvantag. This is the core argument for Simpol, the root cause of our global problems that Simpol so effectively addresses.
Put simply, we will continue to see more and more of precisely this until either disaster strikes or we work together to make a change for the better!