Skip to content
CityAM
Main navigation
  • News
    • News
      • Latest Business News
      • Economics
      • Politics
      • Tech
      • Banking
      • FTSE 100 Live
      • Retail
      • Insurance
      • Legal
      • Property
      • Transport
      • Markets
    • From our partners
      • AON
      • Bayes Business School
      • Canada BIDs
      • Central London Alliance CIC
      • Destination City
      • Halkin
      • Olympia
      • Inside Saudi
      • Tottenham Hotspur Stadium
      • Santander X
      • YEAR SIX Dividend
    • Featured

      The next person to shop your store may not be a person at all

      AI shopping agents are rewriting the rules of online retail across North America

      Submit a story

      Tell us your story.

      Submit
  • Opinion
  • Sport
    • Latest Sports News
      • Sport
      • Sport Business
    • From our partners
      • The Morning Briefing: SBS x CityAM
      • Aramco Team Series
      • LIV Golf
    • Featured

      Cohere's Aidan Gomez bets the house on 'sovereign AI' with Aleph Alpha merger valuing the group at $20bn

      Cohere CEO Aidan Gomez on stage discussing the Toronto AI lab's strategy

      Submit a story

      Tell us your story.

      Submit
  • Life&Style
    • Life&Style
      • Life&Style
      • Toast the City Awards
      • The Magazine
      • Travel
      • Culture
      • Motoring
      • Wellness
      • The RED BULLETiN
      • Do it with Shared Ownership
      • Media Speak Hub
    • Featured

      Moonvalley's Naeem Talukdar is selling Hollywood the one thing rival AI video tools cannot: legal cover

      Moonvalley's Marey AI video model produces Hollywood-grade footage trained on licensed data

      Submit a story

      Tell us your story.

      Submit
  • Investec
  • Events
  • Latest Paper
Sunday 19 October 2025 11:04 am  |  Updated:  Sunday 19 October 2025 11:05 am

Net zero targets “are not helping” claims shadow energy secretary

By: Maisie Grice

Investment Reporter

Add as a preferred source on Google
Breaking news report scene with journalist holding microphone, cityscape background, and headline display in vibrant colors
Countinho claimed the zero targets are not helping Jeff Overs/BBC/PA Wire

Shadow energy secretary, Claire Coutinho, has claimed that Labour’s net zero targets” are not helping” the UK’s economy.

In an interview with Sky News’ Trevor Phillips, Countinho linked the government’s climate targets to the ongoing cost of living crisis.

She said: “We’ve said we would repeal the climate change target, and we actually think the net zero targets are a problem”

Her comments follow Conservative leader Kemi Badenoch pledging to scrap the Climate Change Act, which created the framework for cutting emissions to net zero by 2050 as well as adapting the UK to climate impacts.

Countinho added the targets are “making the cost of electricity incredibly expensive” while also causing jobs to move to “countries abroad” which is “worsening climate emissions”.

She said: “Every time a business leaves here for a country powered by coal, you’re worsening climate emissions… net-zero targets at this point are not helping climate change, the economy or cost of living for households.”

However, the senior Tory did welcome the move to train young people, amid the government’s plans to create 400,000 new jobs in the sector by 2030, but questioned whether all the jobs will be in the clean energy field.

She said: “I think in this case, he [Ed Miliband] is going to include welders and electricians and plumbers, which we need in the economy anyway.”

She then claimed the energy secretary is going to sign Britain up to the “highest offshore wind prices that we’ve seen in a decade”, which will ultimately cause energy prices to soar.

Read more

Burberry delays climate pledge by a decade to 2050

Burberry fashion show runway featuring models in luxury attire showcasing the latest collection in an elegant setting

Stopping reliance on China

When asked if she would exclude China completely from Britain’s green energy industry, she said the country needs “to be very careful” about any involvement.

She added: “We cannot have a reliance on our energy system for products that can only be made in China.”

The UK’s supply chain for wind and solar power in particular have a heavy reliance on China, with 68 per cent of solar panels imported to the UK coming from the country in 2024, up from 61 per cent the year before.

This reliance has also raised concerns surrounding supply chain security, prompting initiatives including Great British Energy to boost domestic energy capabilities.

No confirmed target

However, in a later interview with the BBC’s Laura Kuenssberg, Countinho would not confirm when a Conservative government would aim to reach net zero.

When questioned on the party’s climate policy, Countinho said:I think caring about pollution is important, but at the moment, the targets are actually pulling you in the wrong direction.

“If you want to decarbonise, the thing you have to do is get people to use electric products, cars, home, heating, industry, to electrify their machinery.

“So we don’t have a target.”

Read more

‘Exceptionally challenging’: Starling puts climate target under review

Starling is predicted to ramp up its banking-as-a-service platform in a rebrand. (Image: Starling)

Share this article

  • Facebook
  • X
  • LinkedIn
  • WhatsApp
  • Email

Similarly tagged content:

Sections

  • News

Categories

  • Business
  • Energy
  • Politics

People & Organisations

  • Claire Countinho
  • Conservative
  • Ed Miliband
  • Kemi Badenoch
  • UK economy
  • UK Government

Related Topics

  • china
  • Climate change
  • Conservative Party
  • Energy
  • Green energy
  • UK Government

Trending Articles

  • As it happened: FTSE 100 relief rally runs out of steam as BP and Shell weigh; Oil hits three-month low

  • London Tech Week sums up everything wrong with UK tech

  • Rolls-Royce shares surge as SMR unit bags multi-billion pound Swedish nuclear contract

  • KPMG’s Summer Friday half-day rollback signals deeper woes for Big Four giants

  • Inflation expectations at record high in interest rates signal

More from CityAM

  • ZayZoon, the Calgary fintech born on a fishing boat, posts 1,487% growth as earned wage access goes mainstream

    ZayZoon co-founder Tate Hackert built the Calgary fintech around earned wage access
  • ‘Exceptionally challenging’: Starling puts climate target under review

    Fintech
    Starling is predicted to ramp up its banking-as-a-service platform in a rebrand. (Image: Starling)
  • The climate quango empire will keep growing until cheap matters more than ideology

    Opinion
    Net zero secretary Ed Miliband is set to face more pressure over high energy bills in the UK.
  • No ‘capacity’ for Ed Miliband’s warm homes plan, says British bank boss

    Property
    Breaking news coverage in a general news article, highlighting current events and important developments
  • Starmer overrules Miliband on electric car sales targets as he looks to appease automotive industry

    Energy
    Ed Miliband and Keir Starmer discussing wind energy policy at a press conference, highlighting renewable energy initiatives.
  • The UK chemicals sector is in trouble

    Opinion
    Lush green fields and livestock on a British farm under clear blue skies, showcasing agriculture in the United Kingdom.
  • Promega Receives SBTi Validation for Near-Term Science-Based Emissions Reduction Targets

    Business Wire
  • Botpress raises $25m as Quebec's Sylvain Perron pitches his startup as the 'infrastructure layer' for AI agents

    Botpress product UI: the Quebec startup pitches itself as the infrastructure layer for enterprise AI agents
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy
  • News
  • Markets & Economics
  • Politics
  • Opinion
  • Life&Style
  • Personal Finance

Follow us for breaking news and latest updates

  • Facebook
  • X
  • Instagram
  • LinkedIn
Copyright 2026 CityAM Limited