The United Kingdom becomes the first major economy to commit to pumping greenhouse gases into the atmosphere more than it removes.
“The heating story is the one that usually just gets neglected. It’s in the box called ‘too difficult,'” Dieter Helm, professor of energy policy at Oxford University, told CNN Business. “How are you going to heat your house and do your cooking without natural gas? The answer to that question is at considerable expense.”
“If we reduce carbon emissions in Britain but simply close down our large industries and import the stuff from China instead, then global warming will be worse off,” Helm said. “The thing about carbon is it doesn’t matter where it’s emitted,” he added, arguing that a carbon border tax is the only way to encourage all countries to decarbonize and ensure that “the polluter pays wherever the polluter is.”