Opinion

It’s time to stop kicking the retrofit can down the road – we need urgent action now

By 2024-08-12T05:00:00

Smith-Mordak-Landscape-920x540

Australian bank Macquarie now owns 100% of National Gas, raising questions about the direction and desire of industry to retrofit. The new government must take the lead and industry must get off the fence, says Smith Mordak

If we don’t retrofit the UK’s homes, then the only way to get to net zero by 2050 will be to turn off everyone’s heating. And that is not what I want to be counting down to on New Year’s Eve in 2049!

With Australian bank Macquarie now owning 100% of National Gas, it is clear that some are betting on the continued utility of the UK’s gas network. And honestly, if the bet is that decarbonisation is not going to go to plan, it is probably not a bad bet.

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