The government's "Powering up Britain" plan underestimates the task of decarbonisation of electricity by 2035, and removal of all "dirty fuels" by 2050, which represent 76% of total UK energy consumption. There was no attempt to model and cost the needed changes. What is needed is a 400% increase in electricity production and a recabling of the country.

The tightening of EU criteria for green investment has led asset managers to remove the label from €175bn of funds, reducing the size of the market by 40%. The EU commission might now scrap the Article 9 category altogether. Hardly any investment fund meets the 100% sustainability criteria. The EU also still lacks official guidance on using ESG labels.