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October 30, 2022

Sunak pulls out of COP27

By Zoya Malik

In light of the new PM announcing that he will not be attending COP27 Christy Wilson, tax associate at Katten UK LLP comments:

“The PM has said he will not be attending COP27 as he needs to prioritise working with the Chancellor on the autumn budget. This seems like a credible reason considering the market upheaval in the UK it is therefore vital that the PM and Chancellor get this autumn statement spot on.

Given that Rishi Sunak introduced the Energy Price Levy when he was Chancellor (and is maintaining it now as PM), this is definitely a step in the right direction in terms of showing his commitment to creating a more climate positive economy. In the autumn statement in November, further green taxes may be introduced as, overall, Rishi Sunak seems to be far more committed to net zero than the previous PM.”

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