Following repeated political attacks, worsening economic conditions, reports of internal disagreements, and endless lobby briefings, Labour announced during the first week of February, 2024, that their pledge to spend £28 billion a year on green investment had been reduced to just under £24 billion (across the entire parliamentary term). It’s important to take stock of the public mood, and what voters will make of the shift in policy.
How much do the numbers matter?
There’s good reason to think the public was never wedded – or opposed – to the £28 billion figure: big, abstract numbers like this are not how voters think about the green transition. But reducing the financial commitment has meant lowering the ambition of universally popular policies like home insulation. In that very real sense (damper, colder homes), it matters – and so do the ‘optics’. Flip-flopping on climate leadership is unlikely to win Labour any votes, just as Rishi Sunak’s announcements of delays to some net zero policies last year didn’t increase support for the Conservatives.
Voters want consistency on climate change, whichever party is in power.
Leadership and U-turns
Beyond the question of how many billions will be invested, the public and businesses want and expect political leadership on climate change. The government is viewed by the public as being ‘out of touch’ when delaying and rolling back on net zero policies, and the word most commonly selected by the public to describe politicians (of any party) watering down net zero commitments is ‘untrustworthy’.
YouGov polling, conducted just after the Labour announcement, shows that 44% of the public thinks the Labour party is not taking climate change seriously, compared to 29% who do. Separate YouGov polling from this week shows that 41% of Labour voters see government U-turns as ‘a bad sign’.
Why do voters support green policies?
Polling data shows clearly and consistently that people are worried about climate change, and voters and MPs across the political spectrum support the principle and the ambition of cutting the UK’s carbon emissions by 2050.
The wide range of climate impacts people expect the country to experience in the next ten years include rising bills and costs – so a programme of investment that stimulates growth and reduces spiralling energy costs from insecure gas imports is likely to be a vote winner. And message testing shows that voters are not easily persuaded to drop their support for green spending by the argument that net zero will ‘cost the government billions we could be spending on other more pressing areas’.
Green policies have to be (and feel) fair
When it comes to the UK’s net zero targets and specific green policies like ramping up home insulation (one of the immediate victims of the downgraded investment figure), there is wide support across political divides. But the path to net zero has to be (and feel) fair. Green measures (like insulation) can save households money – but also have an upfront cost unless they’re subsidised in a fair way. Many people are willing to make changes in their own lives to help tackle climate change – from cutting down household energy to making dietary changes. Strikingly, even some of those on the lowest incomes say they would take on extra costs to tackle climate change.
But the top 1% of earners in the UK are responsible for the same amount of carbon dioxide emissions in a single year as the bottom 10%, so household changes made by those with the highest carbon footprints have a dramatically bigger impact – and this group is much more able to bear the costs of the transition.
Climate Barometer data shows that the public feel the fossil fuel industry and energy companies should pay the majority of the costs when it comes to reaching net zero. And in research with working class voters, more than half agreed that it is important to combat climate change but “people like me should not be paying the cost of policies to reduce global carbon emissions”.
So perhaps the missing piece of the puzzle for voters on the financing of green policies is the question of ‘who pays’ and how this kind of investment will create the conditions for a truly fair, green transition – something a focus on the headline investment figure could too easily obscure.
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