3min chapter

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Winter is Coming Episode 4 | Mark Lewis, Head of Climate Research, Andurand Capital

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CHAPTER

What Leverage Do You Think Policymakers Will Have to Pull on First?

The new UK government, which just came into office literally last week with the new Prime Minister Liz Truss. Within two days of coming into office, Liz Truss essentially said, we will freeze energy bills for residential consumers at a price of 2,500 pounds. If the government had not stepped in to freeze that tariff, then the price would have gone up to 3,600 pounds. So this is a major political crisis on top of a major energy, economic and financial crisis. It's a majorpolitical crisis. And so I'm curious, like, what levers do you see policymakers having available to them to pull this winner?"

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