Numerous climate change campaigners are urging the chancellor, Rishi Sunak, to use this Budget to create a better financial system to protect the environment. Some are urging Rishi Sunak to inflict a so called ‘carbon tax’, as well as demanding banks not to invest in fossil fuels.
Even though the chancellor has already acknowledged the fact that he will need to include a more considerable focus on the environment, many campaigners are demanding him to go further than what he is expected to outline. Numerous advocates want Mr Sunak to urge the Bank of England to abolish its support for fossil fuel companies. Protests by the climate change activists, Extinction Rebellion, have previously occurred outside of the Bank of England.
In addition, the group, Extinction Rebellion, have urged the government many times before, to change its plan for climate change. In 2019, they cried out for the government to declare a climate emergency, make the UK legally commit to reducing carbon emission to net zero by 2025, and that there should be an assembly for citizens to supervise these changes.
The EAC (Environmental Audit Committee) are calling on the government to implement VAT reductions to vitalize the importance of energy efficiency and the use of recycled materials. As well as implementing a charge for every tonne of carbon dioxide being released into the UK, the organisation believe that this will have a positive impact on the economy and the environment.
Rishi Sunak will deliver this year’s Budget speech on March 3rd, and climate activists will eagerly be waiting to hear if the chancellor will implement any of their demands.
