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World Economy Apr 14, 2026

Australia’s EV Policy Gap Costs Billions and Delays Massive Consumer Savings

Australia’s reluctance to set firm deadlines for phasing out petrol and diesel cars has left the na…
In 2020, several nations—including the UK and India—announced ambitious bans on new internal‑combustion‑engine vehicles, while Norway already saw around 60% of new car sales being electric. Australia, however, remained on a different trajectory. Former Prime Minister Scott Morrison dismissed a Labor proposal for a non‑binding 50% electric‑vehicle target by 2030, claiming it would “end the weekend.” The Coalition ignored analyses suggesting that a robust emissions‑cut scheme could deliver a $14 billion net benefit by 2040, and later abandoned plans for an EV‑specific strategy. Five years on, the Albanese government has introduced a vehicle‑efficiency standard mandating annual reductions in average emissions from new cars. Though a long‑awaited move, the policy’s impact will be incremental rather than transformative. March saw a record number of Australians purchasing EVs, yet the market share remains modest—still under 15% of new car sales, up only slightly from 13% in 2025. With fuel prices soaring amid the Iran conflict, the majority of vehicles leaving showrooms are still powered by petrol or diesel, and many will stay on the road for the next 15‑20 years. One bright spot is the surge in second‑hand EV sales, which more than doubled last month despite a tiny baseline. Higher resale values are encouraging broader adoption by making electric cars financially accessible to a larger pool of buyers. Globally, electric vehicles accounted for roughly 25% of new car sales last year. In Australia, the price differential between comparable petrol and electric models averages around 20%, a significant barrier for many consumers. That gap is narrowing, and the potential savings for EV drivers are substantial. Data from energy analyst Simon Holmes à Court—using Amber electricity retailer figures—show that an EV can travel over 40 km per $1 of energy, whereas a conventional car manages less than 5 km per $1 of fuel. Amber’s own smart‑charging platform suggests the distance could reach 160 km per $1 under optimal conditions. Despite such evidence, Australian political discourse often struggles to envision a low‑fossil‑fuel future. Calls for expanded oil exploration, such as Queensland Premier David Crisafulli’s claim of a “sea of oil” in the Taroom trough, lack substantiation and would likely involve costly, long‑term development with uncertain returns. Compounding the issue, the mining sector—Australia’s biggest diesel consumer—receives a 52‑cent‑per‑litre rebate under a national fuel‑tax credit scheme, effectively subsidising over $1 billion annually for diesel use in coal mines. This incentive discourages investment in cleaner truck technologies, even as the safeguard mechanism attempts to curb emissions. Policy recommendations include tightening the vehicle‑efficiency standard to accelerate the shift toward cleaner cars, removing parallel‑import restrictions to boost the supply of affordable second‑hand EVs (as practiced in New Zealand), and reconsidering any road‑user charges on electric vehicles, which currently represent less than 2% of the total fleet. International examples offer guidance: China jump‑started its EV boom by issuing “green” licence plates and imposing hefty fees for fossil‑fuel plates, effectively raising the cost of owning a petrol car by up to $20,000. In sum, Australia’s delayed embrace of electric mobility not only hampers climate goals but also forfeits billions in economic gains. A decisive, well‑targeted policy overhaul could unlock significant consumer savings, reduce emissions, and align the nation with global EV trends.
#more #australia #cars
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Environment Apr 14, 2026

Britain’s Record Renewable Summer Triggers New Demand‑Response Push to Cut £1.5bn Grid Costs

A historic surge in wind and solar output this summer could allow Great Britain to run periods of e…
Great Britain is on the verge of a record‑breaking summer of wind and solar generation, creating the possibility of the first zero‑carbon electricity periods in the nation’s power system.The government’s ambition to achieve a 95% gas‑free grid by 2030 underpins this push, as electrified transport, heat pumps and low‑carbon industry will need a clean power supply to meet climate targets.National Grid ESO (Neso) forecasts that on sunny weekend afternoons the grid could have more renewable power than demand, leaving excess capacity that would otherwise be wasted.To turn surplus into savings, Neso is urging households and businesses to shift flexible loads—such as charging electric vehicles, running dishwashers or doing laundry—to those high‑renewable windows.Leading suppliers Octopus Energy and British Gas have confirmed participation, offering special tariffs that reward consumers for using electricity when it is abundant.British Gas’s “PeakSave” scheme, for example, provides half‑price electricity from 11 am to 4 pm on Sundays, with an even cheaper “Super Sunday” option from 9 am to 5 pm. The company says the tariff has saved over £45 million for more than 1 million customers since its 2023 launch. Octopus Energy reports helping 2 million households save about £11 million, including £3 million in free electricity during periods of high renewable output.Other providers—including Ovo Energy and EDF Energy—offer similar “time‑of‑use” tariffs that charge higher rates when renewables are scarce, giving price‑sensitive users a clear incentive to shift consumption.Beyond bill reductions, flexible demand curtails the need for “constraint payments” to wind and solar farms—payments that reached almost £1.5 billion last year. By encouraging consumers to “turn up” rather than forcing generators to “turn down,” the grid can avoid these costly curtailments.Businesses are also joining the flexibility movement. Tech firms report that adaptable energy use can cut datacenter grid costs by up to 5% and slash emissions by as much as 40%. Danish engineering group Danfoss estimates that if datacentres operated flexibly for just 1% of the time, the pipeline of new facilities expected by 2035 could be accommodated without overloading the grid.In short, leveraging surplus renewable power now—through smart tariffs and demand‑shifting—offers a cheaper, faster alternative to massive storage or grid‑upgrade projects, while delivering tangible savings for consumers and a decisive step toward a low‑carbon British electricity system.
#Great Britain #wind power #solar power
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Politics Apr 14, 2026

England's Cultural Venues to Receive £130m Boost Under Arts Everywhere Scheme

The UK government has announced a £130m funding package for over 100 cultural venues, museums, and …
The UK government has unveiled a significant investment in England's cultural sector, with over 100 venues set to share a £130m funding package under the Arts Everywhere scheme. This initiative is part of a broader £1.5bn package aimed at supporting cultural infrastructure projects throughout the current parliament. The funding will be administered by Arts Council England on behalf of the Department for Culture, Media and Sport. It comprises three main funds: the Creative Foundations Fund (£96m for 74 arts and cultural venues), the Museum Estate and Development Fund (£28m for 28 museums), and the Libraries Improvement Fund (£6.3m for 28 library services). Beneficiaries of the funding include the Lowry Centre in Salford, which will receive £8.5m to upgrade critical infrastructure such as replacing escalators with new lifts and providing step-free access to galleries. The Royal Shakespeare Company in Warwickshire and the Hexagon in Reading are also among the recipients. Culture Secretary Lisa Nandy emphasized the importance of local arts, museums, and libraries in bringing communities together and reflecting the country's identity. She stated, 'Arts and culture aren’t a luxury for a privileged few. They are for everyone, everywhere.' The funding package represents a significant injection into a sector that has faced challenges in recent years. Arts Council England chair Nicholas Serota noted that the investment will help organizations secure their futures and continue to provide access to excellent art and culture. This investment follows a previously announced £270m and is part of a broader effort to repair the UK's cultural infrastructure. It marks one of the biggest resets in the arts for a generation, particularly after ACE funding was cut by 30% in 2010.
#UK Government #Arts Everywhere Fund #Department for Culture, Media & Sport
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Politics Apr 13, 2026

Gambling Reform Advocate Calls for Pause on Affordability Checks

Dr. James Noyes, a key advocate for gambling reform, has called for a pause on the implementation o…
Dr. James Noyes, a prominent advocate for gambling reform, has urged the UK government to pause the implementation of affordability checks for online gamblers. Noyes, who initially proposed the idea of affordability checks in 2020, expressed concerns that the current pilot scheme has raised serious questions that need to be addressed before proceeding.Noyes' call for a pause echoes similar concerns raised by senior figures in the horse racing industry, which fears that the checks could disproportionately affect racing bettors and cost the industry tens of millions of pounds in revenue.The Gambling Commission launched a pilot study on financial risk assessments in September 2024 to assess a two-tier system of checks. However, Noyes and others have raised concerns over the lack of transparency and inconsistent data in the pilot scheme.Noyes emphasized that while affordability checks were initially proposed as a worthy idea, their implementation must be carefully considered to avoid impeding the majority of gamblers from engaging in a lawful activity. He also highlighted the need for a gambling ombudsman to ensure proper treatment of consumer redress and rights.A spokesperson for the Gambling Commission stated that the regulator is working on financial risk assessments with a focus on removing friction for consumers. The Commission has yet to publish a final report on the pilot and has not issued an update on its progress since the spring of 2025.
#Dr. James Noyes #UK Gambling Commission #Horse Racing Industry
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World Economy Apr 10, 2026

Starbucks UK Secures £13.7m Tax Credit Amidst Soaring Sales and Losses

Starbucks's UK retail arm received a £13.7m corporation tax credit despite increased sales and stor…
Starbucks's UK retail arm secured a significant £13.7m corporation tax credit last year, even as it reported a 6% increase in sales to £556.3m and added over 90 new stores, bringing its total to 1,304. The tax credit, which can be used to offset future tax bills, follows losses widening to £41.3m in the 12 months to September.The company's financial performance was impacted by £40m in royalty and licence fees paid to its parent company, Starbucks Emea. These fees, which are paid to a UK-based entity that collects similar fees from across Europe, the Middle East, and Africa, significantly contributed to the losses.Despite the losses, Starbucks UK's sales growth was driven by price increases, new loyalty schemes, and the introduction of “freshly baked in-store food”. The company also shifted its workforce towards full-time staff, reducing overall staff numbers by 244 to 5,352.Critics, such as the Fair Tax Foundation, argue that this situation highlights a recurring issue where large corporations like Starbucks use complex financial structures to minimize their tax liabilities. “This all feels so very Groundhog Day,” said Paul Monaghan, chief executive of the Fair Tax Foundation. “As per a decade ago, Starbucks UK reports annual growth in income and store numbers, whilst at the same time declaring a loss due to the payment of hefty royalty fees to other Starbucks subsidiaries. The end result, no corporation tax is paid.”In response, a Starbucks spokesperson emphasized the company's commitment to paying all taxes due, stating that it “manages its global tax responsibilities in keeping with its mission and values.”The company's financial challenges are expected to continue, with Starbucks UK citing a “challenging consumer environment” characterized by inflationary pressures, reduced discretionary spending, and increased competition. The company has received financial support from its parent group, including £30m in cash to keep the business afloat and a further £60m in February.
#starbucks #tax #year
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Tech Apr 10, 2026

Amazon's Leo Satellite Internet to Launch in Mid-2026, Says CEO Andy Jassy

Amazon's long-awaited satellite internet service, Leo, is set to launch in mid-2026, according to C…
Amazon's highly anticipated satellite internet service, Leo, is expected to go live in mid-2026, according to CEO Andy Jassy. The company has been working on the project, originally conceived as Project Kuiper in 2019, and has secured revenue commitments from enterprises and governments for the scheme.Leo currently has 200 low-orbit satellites in space, with plans to launch a few thousand more in the coming years. While this puts Amazon on track to become the second commercial satellite presence in space, it still lags behind SpaceX's Starlink, which has nearly 10,000 satellites in space and aims to have as many as 42,000 operational in the future.Jassy emphasized that Leo will seamlessly integrate with Amazon Web Services (AWS) to enable enterprises and governments to move data back and forth for storage, analytics, and AI. Additionally, Delta Air Lines has partnered with Leo to provide onboard WiFi for its planes, starting with 500 planes in 2028.Despite being behind rivals such as Starlink and OneWeb, Amazon's efforts have been hindered by relying on competitors' rockets for launches. However, plans have been announced for Blue Origin, owned by Jeff Bezos, to take primary responsibility for launching Leo satellites from 2027 onwards.The rivalry between Amazon and SpaceX is expected to shape the commercial space industry in the coming decades, with both companies interested in setting up datacentres in orbit and normalizing commercial space travel.
#Amazon #Leo #Project Kuiper
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World Economy Apr 10, 2026

UK Energy Minister’s Push for Giant On‑shore Turbines Threatens Wales’ Cambrian Wilderness

A government decision to lift the ban on on‑shore wind farms has sparked plans for over a hundred 2…
Britain’s recent reversal of the on‑shore wind ban, announced by Energy Secretary Ed Miliband, has set in motion a wave of proposals to install more than one hundred colossal turbines across the Cambrian Mountains of mid‑Wales. The Cambrians, a 500‑square‑mile stretch of moorland and high ground that remains the most extensive wilderness south of Scotland, could soon host turbines reaching 220–230 metres – roughly 50% taller than any existing on‑shore turbine in England and Wales and more than twice the height of Big Ben. Each turbine would sit on a 2,000‑tonne concrete foundation and require at least 100 tonnes of steel. The scheme also envisions over 200 km of new pylons to link the farms to the National Grid, alongside roads, repair bays and storage depots. Analysts note that the construction phase would generate a substantial carbon footprint, especially given the turbines’ relatively short operational life of 20–25 years. Environmental organisations, including the Wild Wales Trust and the Campaign for the Protection of Rural Wales, have rallied against the plans, warning that they would "degrade and industrialise huge areas of the uplands and valleys" and could encroach on Wales’s sole UNESCO biosphere reserve in the Dyfi valley. Local opposition is hampered by the region’s sparse population, but activists have been posting hand‑drawn notices on the Glaslyn uplands and highlighting the visual impact of proposed turbine clusters – for example, a hilltop site slated for 26 turbines that would dominate the skyline across the country, and a location dubbed “Artists Valley” that could be renamed after a row of 37 similar structures. Critics argue that Wales, which is moving toward renewable self‑sufficiency and already exports surplus power, does not need these installations for its own energy security. Instead, the turbines appear designed to feed the broader UK grid, echoing historic instances where Welsh resources were harnessed for the benefit of other regions, such as the 1960s water transfers to Liverpool. With the Cambrian Mountains lacking any national‑park protection – a status denied in the 1950s due to local farming opposition – the landscape remains vulnerable to large‑scale industrialisation. The proposed developments raise a fundamental question: should a politician’s ambition for renewable credentials outweigh the preservation of one of Britain’s most pristine natural areas?
#wales #wind #turbines
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Politics Apr 09, 2026

Deadly English Channel Crossing: Four Migrants Die Off French Coast

Four people died attempting to cross the English Channel from France to the UK. The incident occurr…
A tragic incident unfolded early on Thursday off the northern coast of France, near Calais, as four people died while attempting to board an inflatable dinghy to cross the English Channel to the UK. The group of migrants waded into the sea to reach a small boat positioned offshore, but things went wrong, and they struggled in the water.Christian Fourcroy, the mayor of Equihen-Plage, confirmed that two women and two men lost their lives in the incident. A fifth person remains in a critical condition. Emergency services launched a rescue operation along the coastline between Equihen and Ecault, France, and 38 other people were rescued, including one with a medical emergency.The Boulogne prosecutor has opened an investigation into the deaths. This incident is part of a surge in attempted crossings and deaths in recent days. French maritime authorities reported rescuing 102 people in two separate operations on Wednesday while trying to cross the channel. Just last week, two people died in a similar incident off the coast north of Calais.Despite heightened enforcement efforts by France and the UK, 4,776 people crossed the channel between January 1 and April 4 this year, following over 41,000 crossings in 2025. The UK remains a destination for many undocumented migrants due to family ties, language, and the prospect of work. However, the journey is frequently perilous, with overcrowded boats and unpredictable conditions putting lives at risk.The issue has intensified political debate across Europe, with Paris and London seeking to deter crossings through a 'one in, one out' scheme, allowing some migrants to enter the UK legally in exchange for the return of others who arrive by boat. Rights groups argue that such measures fail to address the root causes driving people to risk the journey, emphasizing the need for safer pathways to be created.
#English Channel #Calais #French coast
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World Economy Apr 09, 2026

Iran Unveils Strait of Hormuz Toll Plan Amid Ceasefire – Global Shipping Faces New Uncertainty

Iran has announced a protocol that could impose tolls on vessels transiting the Strait of Hormuz, a…
The strategic Strait of Hormuz, linking the Persian Gulf to the Gulf of Oman, has become the focal point of the Israel‑U.S. war on Iran that began in February. In peacetime the narrow waterway handled about 20% of global oil and liquefied natural gas shipments without any tolls, but the conflict has turned it into a contested zone. After a series of Israeli and U.S. strikes, Iran retaliated by targeting merchant vessels it deemed hostile, effectively shutting the passage and triggering one of the most severe energy‑distribution crises in recent memory. While a two‑week ceasefire, brokered by Pakistan, was declared on Tuesday, Tehran has issued a set of official terms that would govern the strait moving forward. According to Iran’s foreign minister Abbas Araghi, safe passage will be allowed in coordination with the Iranian armed forces and subject to technical limitations. The Islamic Revolutionary Guard Corps (IRGC) has even published a new navigation map that pushes traffic farther north, away from the traditional route near Oman’s coast, citing the risk of anti‑ship mines. Central to Tehran’s 10‑point peace proposal is the idea of charging fees for strait usage. Iranian media report that the plan could levy up to $2 million per vessel—a sum to be shared with Oman—or a charge of $1 per barrel of oil shipped. The revenue would allegedly fund reconstruction of military and civilian infrastructure damaged by the U.S.–Israeli campaign. Oman has publicly rejected any toll scheme, with Transport Minister Said Al‑Maawali reminding that the country has already signed all relevant international maritime transport agreements that prohibit such fees. International law adds another layer of complexity. The United Nations Convention on the Law of the Sea (UNCLOS) prohibits levying charges for mere passage through international straits, allowing fees only for services like navigation assistance or port use. Neither the United States nor Iran have ratified UNCLOS, but the principle remains a benchmark for maritime norms. Analysts suggest a possible workaround: charging for de‑mining and safety services rather than for passage itself, which could be permissible under existing legal frameworks. The proposal has sparked diplomatic pushback. At the United Nations Security Council, Bahrain led a resolution urging coordinated reopening of the strait, backed by Qatar, the UAE, Saudi Arabia, Kuwait, and Jordan. The resolution passed with 11 of 15 votes, but was vetoed by Russia and China, who argued it unfairly targeted Iran and ignored the initial strikes. Beyond the region, the United States is unlikely to accept indefinite tolls. Former President Donald Trump, who announced the ceasefire, warned that U.S. forces would remain in the area and threatened to resume attacks if negotiations faltered. American troops are reportedly “hanging around” to assist with traffic buildup, though the extent of their operational control remains unclear. Maritime analyst C. Uday Bhaskar notes that only three to five ships have traversed the strait since the ceasefire began, underscoring the lingering uncertainty for global shippers. He adds that ship owners facing multi‑million‑dollar losses each day may ultimately acquiesce to Iran’s terms, at least temporarily. Should Iran implement a toll regime, the immediate impact would fall on Gulf oil‑producing nations, but the ripple effects could destabilize global energy markets, already strained by supply shocks. Major powers such as the United Kingdom have been coordinating with a coalition of 40 countries to explore alternative mechanisms for reopening the waterway without conceding to tolls. In sum, Iran’s proposed protocol for the Strait of Hormuz introduces a contentious new variable into an already volatile geopolitical landscape, pitting national security interests against established maritime law and the broader stability of world energy supplies.
#iran #unclos #oman
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