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World Economy Mar 30, 2026

UK Net‑Zero Push Threatens Industrial Competitiveness and Energy‑Poor Households, Warns Investor Paul Marshall

Investor Paul Marshall argues that the UK's aggressive net‑zero agenda is inflating electricity pri…
The recent open letter from 60 clergy members, addressed to the author, underscores a shared concern for planetary stewardship and acknowledges that human‑generated carbon emissions are warming the climate. However, the signatories and the author diverge sharply on the appropriate policy response. Marshall contends that an outright ban on fossil fuels is both impractical and ideologically driven, creating a collective‑action dilemma for the UK. He notes that while the nation pursues a rapid net‑zero transition, major emitters such as India and China operate on markedly different timelines, and the United States has withdrawn from the Intergovernmental Panel on Climate Change (IPCC). This leaves Britain navigating a path of unilateral economic disarmament. Industrial electricity rates in the UK have surged to two‑and‑a‑half to three times those in China and four times those in the United States. Such cost differentials are eroding the global competitiveness of sectors ranging from steel and oil refining to chemicals, automotive manufacturing, and emerging AI industries. The result, according to Marshall, is a wave of factory closures, investment pull‑backs, and significant job losses across the nation's industrial heartlands. Beyond macro‑economic concerns, the policy’s social toll is stark. Older and low‑income households are bearing the brunt of soaring energy bills, with an estimated 2,500 excess deaths last year attributed to an inability to adequately heat homes. This humanitarian impact, Marshall argues, contradicts the very notion of “human flourishing” that climate advocates champion. While acknowledging that every policy entails trade‑offs, Marshall warns that the clergy’s proposal would impose severe personal costs on working‑class Britons without delivering the promised climate benefits. He concludes that the current net‑zero trajectory is unlikely to curb global warming and instead jeopardizes the UK's economic vitality and social wellbeing. Paul MarshallChair, Marshall Wace; personal investor in GB News
#our #people #net
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Politics Mar 30, 2026

Sudanese Paramilitary Attack on South Kordofan Kills at Least 14, Including Children

A recent attack by Sudanese paramilitaries on South Kordofan has resulted in the deaths of at least…
A devastating attack by Sudanese paramilitaries on South Kordofan has claimed the lives of at least 14 people, including five children and two women, according to a medical group. The Rapid Support Forces (RSF) and their allies in the Sudan People's Liberation Movement–North launched a hours-long assault on residential areas in the city of Dilling, leaving at least 23 others wounded, including seven children.The Sudan Doctors Network reported that the attack was part of a larger conflict that has ravaged the region. The military, which recently broke an RSF siege on the city, said it successfully fended off the attack on the capital of South Kordofan province.The doctors' group warned of a possible “catastrophic scenario” similar to the one that occurred in the Darfur city of el-Fasher. The RSF's invasion of el-Fasher in October was marked by “hallmarks of genocide”, according to UN-commissioned experts. More than 6,000 people were killed over three days in el-Fasher when the RSF unleashed a wave of intense violence.The war between the Sudanese army and the RSF, which began in mid-April 2023, has led to one of the world's fastest-growing man-made humanitarian crises. Over 12 million people have been forced from their homes, and more than 33 million people are in need of humanitarian aid. According to UN figures, more than 40,000 people have been killed over the past three years, although aid groups believe the true death toll could be significantly higher.Both sides have been accused of war crimes and crimes against humanity, which are being investigated by the International Criminal Court. The fighting has recently centered on Darfur and the Kordofan region, with deadly drone attacks reported daily. The UN Human Rights Office reported that more than 500 civilians were killed in drone strikes this year as of mid-March.
#Rapid Support Forces #Dilling #South Kordofan
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Politics Mar 28, 2026

Russia Strikes Ukraine, Killing 4 as Diplomatic Efforts Stall

Russian strikes on Ukrainian cities have killed at least four people and wounded over a dozen, as d…
Russian forces have launched deadly strikes on two Ukrainian cities, killing at least four people and wounding over a dozen others. The attacks, which hit Odesa and Kryvyi Rih, damaged residential areas, a maternity hospital, and an industrial site.In Odesa, one person died in hospital from injuries sustained in the strikes, according to Serhiy Lysak, head of the city's military administration. He reported that 11 people were wounded, including a child, and that the strikes caused damage to a maternity hospital roof, high-rise buildings, and homes in several districts.In Kryvyi Rih, two men were killed and two wounded in a morning strike that hit an industrial site, said Oleksandr Ganzha, head of the Dnipro regional administration. He reported that fires erupted at the facility.The latest deadly strikes come as diplomatic efforts to resolve the crisis and reach a ceasefire deal remain entangled, dimming hopes of a quick resolution. There are currently no talks underway between Russia and Ukraine.US Secretary of State Marco Rubio has accused Ukrainian President Volodymyr Zelenskyy of lying about US demands, and voiced openness to diverting weapons to Kyiv to support the joint US-Israel attack on Iran. Zelenskyy had claimed that the US is pressing Ukraine to give up the eastern Donbas region to Russia before finalizing any post-war security guarantees to Kyiv.Rubio denied these claims, stating that security guarantees are not going to kick in until there's an end to the war, and that there was no condition attached to giving up territory.
#Russia #Ukraine #Iran
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News Mar 28, 2026

UN Issues Dire Warning as Israeli Assault Displaces 1.2 Million Lebanese

The United Nations has issued a stark warning that Lebanon faces an imminent humanitarian catastrop…
The United Nations Refugee Agency (UNHCR) has issued a grave warning that Lebanon faces the threat of a humanitarian catastrophe as Israel continues its weeks-long bombardment and expands ground operations across the country.UNHCR's Lebanon representative Karolina Lindholm Billing reported that Israeli strikes and forced displacement orders have affected people throughout Lebanon, from the southern regions to the Bekaa Valley, Beirut, and northern areas. More than 1.2 million people have been forced from their homes since Israel's intensified attacks began in early March, according to UN figures."The situation remains extremely worrying and the risk of a humanitarian catastrophe ... is real," Lindholm Billing stated during a briefing in Geneva. She emphasized that Lebanon's overstretched shelter system is struggling to meet the growing needs of displaced families.The UN representative highlighted particularly concerning developments, including strikes on central Beirut's densely populated neighborhoods where many had sought refuge in collective shelters. "The families are ... living in constant fear, and the psychological toll, particularly on children, will last far beyond this current escalation," she added.Israel launched its intensified attacks against Lebanon after Hezbollah fired rockets toward Israeli territory following the February 28 assassination of Iranian Supreme Leader Ayatollah Ali Khamenei in the US-Israel war on Iran. The Israeli military has since conducted aerial and ground operations across Lebanon while issuing mass forced displacement orders for residents of southern areas and several Beirut suburbs.On Friday, the Israeli military announced air strikes on Beirut and issued new displacement orders for neighborhoods including Haret Hreik and Burj al-Barajneh. Meanwhile, Hezbollah has continued rocket attacks into northern Israel and confrontations with Israeli troops in southern Lebanon.Rights groups have strongly condemned Israel's expanded operations, with Human Rights Watch warning that preventing Lebanese civilians from returning to their homes in the south may constitute the war crime of forced displacement. "Israel's tactics of mass expulsion in Lebanon raise serious risks of forced displacement," the organization stated. "Forced displacement and collective punishment are war crimes."International concerns have been further heightened by the Israeli military's destruction of civilian homes and several bridges connecting southern Lebanon to the rest of the country. "The destruction of key bridges in the south has cut off entire districts ... isolating over 150,000 people and severely limiting humanitarian access," Lindholm Billing explained.As the crisis deepens, Lebanon's government faces mounting challenges in responding to the rapidly deteriorating humanitarian situation, with evacuation orders now extending to areas previously considered safe, exacerbating panic among the civilian population.
#lebanon #southern #israeli
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World Economy Mar 27, 2026

US-Israel-Iran Conflict Disrupts Global LNG Supplies, Threatening Energy Security Worldwide

The US-Israeli conflict with Iran has severely disrupted global LNG supplies through the Strait of …
The ongoing United States-Israeli conflict with Iran has triggered severe disruptions to global LNG supplies in the Gulf, creating the most significant energy market disruptions in recent years. The critical Strait of Hormuz, through which 27 percent of the world's maritime oil trade and 20 percent of LNG shipments pass, has been brought to a near standstill.In response to the conflict, oil-producing nations such as Saudi Arabia have rerouted oil through alternative pipelines, while Qatar has completely halted LNG production at its Ras Laffan and Mesaieed facilities following attacks on its energy infrastructure. This disruption comes as natural gas makes up about a quarter of global energy consumption, raising widespread concerns about the impact on nations heavily reliant on gas imports.Natural gas is formed over millions of years from decomposed organic matter subjected to intense heat and pressure beneath the Earth's surface. LNG represents natural gas that has been cooled to -162 degrees Celsius through cryogenic processing, shrinking it to a 600th of its gaseous volume. In its liquid state, LNG is colorless, odorless, and non-flammable, making it safe and efficient to transport across vast distances.Before liquefaction, the gas undergoes purification through water-based solvents and molecular sieve beds to remove impurities including carbon dioxide, hydrogen sulfide, water, and mercury. Heavier hydrocarbons are then separated from methane and ethane through fractionation. The resulting fuel is typically composed of 85 to 95 percent methane, with small amounts of ethane, propane, butane, and nitrogen.LNG is stored in large insulated tanks without requiring high-pressure infrastructure, then pumped onto double-hulled carriers for shipment to terminals worldwide. At destination facilities, LNG is heated using seawater or warm water baths until it vaporizes—a process known as regasification—before being distributed through pipelines for consumption.Once returned to a gaseous state, LNG serves multiple purposes globally. Residential applications include cooking, heating, and electricity generation, while supporting hot water systems in homes and heating for commercial buildings. In power generation, LNG offers a comparatively low-carbon alternative to coal and oil. Industrial applications span fertilizers, plastics, paints, and medicines, with LNG also used to fuel heavy-duty vehicles and ships.The disruption has particularly affected agricultural production, as Gulf nations export close to half the world's traded urea—a key fertilizer component. Natural gas serves as both the primary feedstock and fuel for fertilizer manufacturing, with the halt in production forcing producers across the region to suspend or reduce operations.While primarily valued as an energy source, LNG processing yields significant by-products with industrial and medical applications. The most notable is helium, extracted during cryogenic processing. With global helium production estimated at 180 million cubic meters annually, the disruption to Qatar's LNG facilities has removed approximately 5.2 million cubic meters from the market each month—accounting for about a third of global monthly production.Helium is critical for cooling superconducting magnets in MRI and CT scanners, with the average MRI machine requiring about 1,700 liters of liquid helium. The element is also vital to the data center industry, where it conducts heat away from silicon components, preventing damage to semiconductors. Additionally, the natural gas value chain generates petrochemical derivatives that serve as feedstock for manufactured goods, including medical-grade plastics.According to the International Gas Union's 2025 World LNG Report, 411.24 million tonnes of LNG were traded in 2024. The United States emerged as the largest exporter with 88.4 million tonnes, followed by Australia (81 million tonnes), Qatar (77.2 million tonnes), Russia (33.5 million tonnes), and Malaysia (27.7 million tonnes). Together, these top five suppliers account for more than three-quarters of global LNG supply.China was the largest importer with 78.6 million tonnes in 2024, followed by Japan (67.7 million tonnes), South Korea (47.1 million tonnes), India (26.1 million tonnes), and Taiwan (21.8 million tonnes). These top five importers constituted nearly 59 percent of all global LNG imports that year.South Asian nations face particularly severe risks from the current conflict. Pakistan, where natural gas accounts for 28 percent of electricity generation for its 250 million people, and Bangladesh, where gas supplies half of all electricity for its 176 million population, are heavily dependent on Gulf imports. Qatar and the United Arab Emirates supply approximately 99 percent of Pakistan's LNG imports and 72 percent of Bangladesh's.In response to the energy crisis, Pakistan has implemented emergency measures including a four-day workweek for government employees and extended school holidays. Bangladesh has reduced gas supplies and is seeking nearly $2 billion in international loans to fund energy inputs and maintain price stability. India, which relies on Gulf nations for about half of its LNG and generates 5 percent of its electricity from gas, has shifted toward coal usage as LNG disruptions continue.
#lng #gas #used
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World Mar 26, 2026

Pro-Israel Democrats Break Ranks to Condemn West Bank Settler Violence Amid Rising Palestinian Deaths

Pro-Israel Democratic legislators in the US are increasingly condemning violent attacks by Israeli …
As Israeli settlers intensify violent attacks against Palestinian civilians in the West Bank, often while Israeli forces stand by, a notable shift is occurring in US political circles. Even staunch supporters of Israel within the Democratic party are now publicly denouncing the escalating violence.In recent days, dozens of settlers have engaged in apparently coordinated attacks, torching homes and vehicles while targeting Palestinian civilians. Since the beginning of the month, Israeli settlers and police have killed at least 10 Palestinian civilians in the occupied territory, including two young brothers and their parents who were returning from a Ramadan shopping trip.Among the voices breaking ranks is Ritchie Torres, a New York Democratic representative and one of Israel's most ardent supporters in Congress. In a statement this week, he declared that "the crisis of extremist settler violence in the West Bank must be confronted, and the perpetrators must be prosecuted to the fullest extent of the law." He called for "zero tolerance for violent extremism, no matter what form it takes."Another pro-Israel Democrat, Daniel Goldman of New York, condemned the violence as an "outrage" and urged House Speaker Mike Johnson to bring to vote proposed legislation seeking to impose sanctions against those "undermining prospects for a two-state solution by committing illegal violent acts." He also criticized the Trump administration for rescinding sanctions against violent settlers that had been issued under the Biden administration.Several other Aipac-backed politicians have joined the condemnation, including Arizona Senator Ruben Gallego, who called on the Israeli government to "stop being complicit," and Arizona Congressman Greg Stanton, who labeled the attacks "acts of terrorism." Ohio Democratic Congresswoman Shontel Brown accused Trump of "green-lighting settler violence," while Nevada Senator Jacky Rosen stated that "violence against Palestinian civilians in the West Bank is a national security threat to Israel and must be treated as such."The political shift comes as US public support for Israel has plummeted. An NBC News poll found that two-thirds of Democrats now say their sympathies lie with Palestinians over Israelis—a dramatic reversal with significant implications for upcoming elections. Meanwhile, 68% of Republicans continue to express stronger support for Israel.A Guardian analysis revealed that Israel has not prosecuted any of its citizens for killing Palestinian civilians in the occupied West Bank since the start of the decade. The UN has warned that the Israeli government has accelerated illegal settlement expansion, forcibly displacing approximately 36,000 Palestinians in the West Bank and East Jerusalem over the past year.Political analysts suggest these pro-Israel Democrats are "trapped between the money they've relied on to make their campaigns work and the voters they actually need to win," with condemnation of settler violence offering a way to express discontent without challenging the Israeli state itself.
#israel #israeli #violence
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Money Mar 26, 2026

The Devastating Reality of No-Fault Evictions in the UK

A tenant shares their personal experience of being evicted through a no-fault eviction, highlightin…
A recent surge in no-fault evictions in the UK has left many tenants reeling, with one individual sharing their heart-wrenching experience of being forced out of their home despite being a responsible tenant.The tenant, who wishes to remain anonymous, has been served a section 21 notice ahead of the upcoming ban on no-fault evictions, which is set to come into effect soon. This has created a sense of uncertainty and anxiety, with the tenant struggling to come to terms with the fact that they will have to leave their home after years of paying rent and being a model tenant.The UK government has been criticized for delaying reform and creating the perfect conditions for this situation. By announcing changes years in advance but failing to implement them in time, the government has effectively signaled to the market to act now, leading to a last-minute rush of notices.The issue is further complicated by rising rents in London, which continue to price out tenants and limit their choices in the rental market. Without meaningful limits, the reality is that tenants are often forced to move not because they want to, but because they are priced out or pushed out.The tenant's experience highlights the painful simplicity of the reality faced by many renters in the UK. Despite doing everything right, they can still lose their homes. This raises questions about who the current reform was really designed to protect.
#out #through #years
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World Economy Mar 26, 2026

Iran War Fuels Surge in Solar Panel Sales as Britons Seek Energy Independence

The Iran war has triggered a significant surge in solar panel sales across the UK, with Octopus Ene…
Solar panel sales have surged dramatically since the onset of the Iran war, according to Octopus Energy, with British households increasingly opting for larger rooftop installations to achieve energy independence.The company reported a 54% increase in sales this month compared to the same period last month, marking a significant shift in consumer behavior amid global energy uncertainty.Rebecca Dibb-Simkin, Octopus Energy's chief product officer, observed: "We are seeing a massive shift as people stop just asking and start acting. British families are tired of being held hostage by global fossil fuel prices. By switching to solar and heat pumps, they are becoming their own power stations, locking in low costs and protecting their wallets for the long term."Octopus noted that many customers are choosing "supersize" systems with 12 panels instead of the typical 10-panel arrays. Additionally, heat pump sales have increased by more than 50%, while electric vehicle charger systems have seen a 20% rise in sales.Greg Jackson, Octopus Energy's chief executive, described a "huge jolt" in solar sales compared to February. On March 17, the company reported a 27% increase in solar sales inquiries since the start of the Iran war.Good Energy, another green electricity supplier, confirmed this trend, reporting a doubling of interest in solar panels over the past three months.Nigel Pocklington, Good Energy's chief executive, emphasized: "The most effective way to bring bills down over the long term is to double down on renewables, alongside storage and flexibility, so more of our power comes from predictable, homegrown sources. We should be putting solar on any building that can take it. That's how we cut costs, strengthen energy security and give people real control over the energy they rely on every day."The market is poised for further growth with plug-in solar kits expected to become available from high street retailers and supermarkets in the coming months. The government recently announced that most new homes will likely have solar panels from 2028 and will lift a ban on sales of these kits.Andrew Dickinson, head of infrastructure at Heligan Group, explained: "Given the recent geopolitical events, the UK's reliance on global energy markets has become front and centre. The solution lies in a series of short-term initiatives to address the immediate impact of rising energy prices on homeowners. Plug-in solar is one of these solutions that is expected to lower the barriers to entry for homeowners. The previously lengthy process of roof assessment, design and installation by a specialist technician will no longer be necessary."A recent report from Electrify Britain, backed by Octopus, found that solar panels and heat pumps would significantly reduce vulnerability to fossil fuel price fluctuations. The report "Plug In, Pay Less" revealed that houses using these technologies would be almost immune to fossil fuel price rises: a 30% increase in wholesale gas and oil prices would translate into only a 1.7% rise in energy bills by 2035 for households using no gas or oil appliances.Energy bills are expected to rise by more than £300 this July, according to Cornwall Insight, a consultancy. Jess Ralston, head of energy at the Energy and Climate Intelligence Unit, commented: "Predictions of energy bills rising by hundreds of pounds will feel like deja vu to hard-working families as yet another gas price crisis pushes up the cost of living. Many are still saddled with debt from the last gas crisis while Putin and the oil and gas companies stand to benefit."Ralston added: "These wars and the global gas market are clearly beyond the UK's control, so the only way we have to permanently stabilise bills is to cut our use of gas and that means switching to electric heat pumps and renewables that squeeze gas power plants off the grid."Octopus Energy also noted a one-third increase in inquiries about leasing electric vehicles, further indicating a broader shift toward renewable energy solutions among British consumers.
#solar #energy #sales
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World Economy Mar 25, 2026

Iran Conflict Threatens EU and UK Offshore Wind Projects with Delays

The ongoing conflict in Iran is posing a threat to large offshore wind projects in the EU and UK, p…
The Iran war is threatening to disrupt shipping of crucial parts manufactured in the Gulf, potentially delaying large offshore wind projects in Europe. Industry sources are concerned that components ordered from suppliers in the United Arab Emirates could become trapped if shipping remains effectively blocked through the strait of Hormuz.These projects include two giant offshore windfarms planned for UK waters, as well as a series of projects that will supply offshore wind power to Germany and the Netherlands. The UK windfarms, which will lie off the coast of Norfolk, were each awarded a 20-year support contract from the British government just a month before Iran effectively closed the strait of Hormuz.The developer behind the plans, the German renewables group RWE, has contracted a Dubai-based company to deliver more than 180 components from its UAE fabrication yard while the windfarms are constructed. The windfarms are expected to supply the equivalent of about 4m UK homes before the end of the decade, meaning they would play an important part in supporting Britain’s aim to quadruple offshore wind capacity by 2030.A spokesperson for RWE said it had begun liaising closely with its supply chain partners amid the Middle East conflict, which has included airstrikes against key infrastructure. “Our primary focus is the safety of those working in the area,” they said. “To date there has only been a limited effect on our supply chain partners’ activities, but we are monitoring the situation closely and putting mitigation plans in place should the situation continue for a prolonged period.”The shutdown of the strait may also have an impact on a large project by the transmission operator TenneT that will link offshore wind projects in the German North Sea to mainland Germany. The company has contracted a UAE fabrication yard to deliver structural steel components, including a 5,461-tonne jacket foundation built for the BorWin6 high-voltage transmission project.
#supply #offshore #projects
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