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Maurice Cousins

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Campaign Director, @NetZeroWatch. Tweets in a personal capacity.

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Canada's Mark Carney is right. Keir Starmer and Ed Davey must take note. “The multilateral institutions on which the middle powers have relied … the WTO, the UN, the COP, the very architecture of collective problem solving are under threat. As a result, many countries … must develop greater strategic autonomy in energy, food, critical minerals, in finance and supply chains.” His Davos speech is a warning to Britain and Europe: the assumptions of the post Cold War order are no more, and interdependence is being turned into leverage by great powers. That has profound consequences for Net Zero. As he puts it: “But let’s be clear eyed about where this leads. A world of fortresses will be poorer, more fragile, and less sustainable.” Yes, Carney has just struck a deal at the weekend with China that includes easing tariffs on Chinese EVs. But the point of his Davos speech is not “more Net Zero”. It is that the era of naïve multilateralism is over. And since taking office, he has also moved to expand domestic oil and gas. That is significant, not least given his previous high profile role in shaping the Net Zero consensus in Britain. But his Davos speech is the language of national sovereignty, energy security and industrial capacity. You cannot rebuild hard power while deindustrialising and driving up the cost of power. And you cannot defend the values you claim to hold - human rights, free trade and the rule of law - without the strength to protect them. Net Zero as a governing doctrine is starting to unravel.

Maurice Cousins

22,947 просмотров • 6 месяцев назад

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