The leader of the Scottish government, First Minister Humza Yousaf, has made a bold move by splitting with the Green Party and scrapping existing climate targets that were hurting the country’s economy. The decision to ditch the target of cutting carbon emissions by 75% by 2030 was deemed close to impossible and cost prohibitive, potentially crushing Scotland’s already ailing economy.
Scotland is not alone in reconsidering climate targets, as the European Union is also reevaluating its goal of eliminating sales of new gasoline and diesel powered vehicles by 2035. This move could give countries more time to phase out internal combustion engines and embrace sustainable technologies, providing some relief from the financial burden of meeting ambitious climate goals.
While Yousaf’s decision to part ways with the Green Party may make sense in light of the economic challenges Scotland is facing, it may not be enough to save the ruling Scottish National Party (SNP). The Green Party is now pushing for a vote of no confidence in the Scottish Parliament, which could lead to Yousaf’s resignation. His performance as First Minister, following the scandal-ridden tenure of Nicola Sturgeon, does not bode well for his future in office.
In addition to the challenges posed by climate targets, Scotland’s economic policies are also contributing to the country’s financial woes. The introduction of rent control, intended to make housing more affordable, has had the opposite effect by reducing the number of available rental properties. Furthermore, the SNP’s plan to introduce its own currency following a split from the United Kingdom is fraught with challenges, as Scotland lacks a central bank with the credibility needed to establish a new currency.
Other questionable economic policies from Holyrood, Scotland’s government seat, include higher income tax rates than neighboring England and strict regulations that favor big businesses over small enterprises. These regulations have already devastated the tourism industry, predominantly composed of small business owners, and may further benefit larger corporations. Yousaf’s handling of these economic issues is unlikely to secure his position as First Minister, given the mounting challenges facing Scotland’s economy.
