In a Vote leave scenario, Anthony Hobley, financial analyst, The Carbon Tracker, says: “I don’t think it is far fetched to imagine a bonfire of environmental regulations in this country!”

 

Would a vote for Britain to leave the EU impact environmental and energy policy?

AH: I think a Brexit would create so much uncertainty around, certainly UK energy policy, and also potentially EU energy policy.

Britain has been a major player in Europe on climate change and, as a result, has been a major player globally, leveraging its power through Europe. That simply will not happen if it is out.

The UK exercises that soft power on the international stage by being incredibly influential in the European Union, and it is an important voice in the European Union on climate change.

Without it, I think there is a very good chance that it would slow down climate change policy and ambitions, not only in Europe but possibly in the UK and globally.

Do you think this government are sympathetic towards environment policy?

AH: I think they are still supportive. Perhaps not as sympathetic as they were in coalition or before, but they are supportive. Certainly supportive of our strong positions on climate change. Perhaps a bit more confused on their energy policy but maybe they are starting to understand the opportunities in clean energy.

If we have a vote to leave and we have Brexit, I fear that the people who take over the levers of power will be considerably less sympathetic to tackling climate change and to environmental policy and regulations.

I don’t think it is far fetched to imagine a bonfire of environmental regulations in this country!

About The Carbon Tracker:
The Carbon Tracker have been producing financial risk analysis looking at exposure to investors from potential “stranded assets” around specific IPCC climate change scenarios.

When FT Lex went through the research conducted by The Carbon Tracker they concluded that their analysis was robust. In recent years, and especially during and since Paris COP21, held in December 2015, significant interest in the risks posed by stranded assets has been growing among politicians, bankers and investors.

Interview conducted by Nick Breeze

 

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