The State of Play - October 4, 2023

In this edition: More on Sunak's pivot, sugar and cocoa prices, Spain's search for a prime minister continues, and Capitol Hill has collapsed.

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The real peril of Sunak’s net zero pivot

Last week I wrote about UK Prime Minister Rishi Sunak’s decision to restructure the UK’s net zero strategy, ostensibly to save the ‘ordinary citizen’ money in the midst of an inflation and cost of living crisis. And to curry political goodwill, of course.

One point that I probably didn’t hammer home enough was the impact of Sunak’s net zero strategy on emissions themselves.