chaitanyakumar
@chaitanyakumar
Head of economy and environment @nef, former head of climate and energy @GreenallianceUK, @350 South Asia campaign leader. Tweets reflect personal views
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Reasonable argument but important to acknowledge trade offs. 1. We are off track for a net zero aligned carbon price path by 2030. 2. A formal linking of UK ETS with EU will make the CPS redundant 3. 1:3.5 benefit/cost ratio ignores the levy on renewables that raised £bns
On 30 Sep 2024, the UK closed its last coal plant. This was the day we should have ended carbon price support – an extra tax to get coal off the grid. In the Budget, @RachelReevesMP has the chance to cut bills for millions + boost electrification, by ending CPS Here’s how:
Brilliant! This isn't some ingenous wholesale market reform though... just building out more wind+solar at pace that eats into fossil's share. UK geography doesn't help much but we're building fast nonetheless and will match spain, albeit gradually.
NEW ANALYSIS | Spain is successfully decoupling electricity prices from gas power costs 🇪🇸⚡️ Spain reduced the number of hours where electricity prices exceed gas costs by 75% since 2019. As a result, Spain's electricity prices were 32% lower than the EU average in H1-2025.
Sensible piece from Simon here, throwing in a reference to @NEF 's proposals for ways to reform the OBR. Read more here - neweconomics.org/2025/08/a-demo…
The OBR has no pre-ordained reason to exist in the UK’s economic framework. But if you want to abolish it, you do so from a position of strength, not weakness. The bond market is telling the government that it’s in a weak position. My thoughts in @thetimes thetimes.com/business-money…
I’m really proud to officially announce Students for Abundance! We’re bringing the movement to 12 campuses representing red and blue states, public and private schools, and institutions big and small. It should be easier to build the things people need to thrive (1/8)
The Office for Budget Responsibility has hardwired austerity into British fiscal policymaking. It is an independent institution with too much power and too little democratic scrutiny. It must go. My new report @NEF suggests what should replace it Thread ⬇️
We must challenge the growing power of the super rich over our politics and stop them blocking the changes we need for a just, sustainable future. Donate today to our #ExtremeWealthLine campaign and your donation will be doubled thanks to @BigGive donate.biggive.org/campaign/a05WS…
A new youth mobility scheme with the EU would boost economic growth and provide exciting opportunities for young people. At a time of so much global uncertainty deepening our partnership with EU partners is a win-win for our growth and prosperity. independent.co.uk/voices/trump-t…
🚨The government has given Luton airport approval to expand. This is despite the fact that it will do very little to boost economic growth and will be devastating for our climate goals. Alex Chapman responds.
Hope, headroom and the cost of austerity. Some thoughts on yesterday's spring statement from the Chancellor. @NEF linkedin.com/pulse/hope-hea… via @LinkedIn
📊NEW RESEARCH📊 The UK's investment banks - first the UK Infrastructure Bank and now the National Wealth Fund - have been punching below their weight. The UK has the opportunity to invest billions in the race to slash carbon emissions, but right now we're missing out. 1/6
The Prime Minister has repeated the claim that his govt lifted 25 crore people out of poverty. We @reporters_co revealed how the govt came up with the stat: Created its own index with handpicked parameters that delivered a pre-determined conclusion. Read: reporters-collective.in/trc/to-show-a-…
It is due to Dr. Babasaheb Ambedkar that we are what we are! Our Government has worked tirelessly to fulfil the vision of Dr. Babasaheb Ambedkar over the last decade. Take any sector - be it removing 25 crore people from poverty, strengthening the SC/ST Act, our Government’s…
This week, members of Big Power for Little London met with the housing minister @mtpennycook to share their demands for change for private renters.💪 Listen to Arran explain why the group came to London & how the meeting went. #HomesForUs 1/2
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