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World Economy Mar 24, 2026

UK Delays Low-Carbon Housing Regulations, Leaving Homebuyers Vulnerable to High Gas Prices

The UK government has delayed implementing new regulations for low-carbon housing in England, allow…
The UK government's decision to delay new regulations on low-carbon housing in England has sparked concerns that homebuyers will be locked into high gas prices for years to come. The updated regulations, known as the 'Future Homes Standard' (FHS), will require most newly built homes to be equipped with solar panels and heat pumps from March 2028.However, a loophole allowing wood-burning stoves in new homes could undermine efforts to achieve fully carbon-free homes. The FHS aims to reduce greenhouse gas emissions by 75% compared to existing 2013 standards, but experts warn that wood-burning stoves, which are highly polluting, may account for some of the remaining 25% of emissions.The delay is expected to result in hundreds of thousands of new homes being built with gas heating, despite rising energy costs. Experts argue that this is unacceptable given the availability of low-carbon alternatives like heat pumps. Jan Rosenow, a professor of energy at the University of Oxford, stated, 'It is outrageous that people will be buying homes that are expensively heated with gas when we have perfectly good technology – heat pumps – that can be installed instead.'The government claims that households will save around £1,000 per year on energy bills thanks to the new standards. However, critics argue that the delay and loopholes will hinder progress toward a carbon-free future and leave homeowners vulnerable to energy market fluctuations.
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World Mar 24, 2026

Trump's Iran Talks Buy Time for Oil and Energy Markets Amidst Rising Tensions

US President Trump claims 'very good' talks with Iran, sparking skepticism and tentative welcome fr…
President Trump's assertion of 'very good' talks with Iran has raised eyebrows, especially after Tehran denied any negotiations were underway. The sudden detente comes as US markets prepare for another volatile trading day, with oil and energy markets closely watching developments.Trump, standing beside Air Force One, attempted to sell the unexpected diplomatic shift, but provided few details. He hinted at a potential deal involving Iran's nuclear program and control over the Strait of Hormuz, a critical waterway for global oil supplies.The reported interlocutor, Mohammad Bagher Ghalibaf, the speaker of Iran's parliament, has denied any talks with the US, suggesting that Trump is trying to mitigate financial damage from Iran's closure of the Strait of Hormuz. Ghalibaf accused Trump of using 'fake news' to manipulate markets and escape the quagmire in which the US and Israel are trapped.Despite skepticism, international leaders, including Keir Starmer and Benjamin Netanyahu, have cautiously welcomed the talks. Netanyahu emphasized that any deal must safeguard Israel's interests, while also continuing to strike targets in Iran and Lebanon.The negotiations may be another attempt by Trump to buy time, particularly for oil and energy markets. The Pentagon is still positioning military assets, and a potential strike or occupation of Iran's islands or coastline remains a contingency plan if diplomatic efforts fail.
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