But remember; Communism will make the weather better in 500 years time.
The high street is facing an estimated £90Billion bill just to comply with arbitrary net zero rules designed to work 'in conjunction' with the end of freedom of movement for people in major cities. The combination of these two schemes is guaranteed to destroy the high street as we know it today.
New energy standards will make 91pc of all retail space, including high street stores, unlettable by 2030 without urgent and costly action, according to Savills estate agent.
The Government intends to ban commercial properties from being rented out unless they comply with new arbitrary targets. Every premises will have to be assessed as having a minimum energy performance rating of C by 2027, and B by 2030. If not, the business will be forced to stop trading until such times as they make the changes.
Experts warned that vast swathes of buildings will be unable to meet this requirement without major improvement work. Victorian town and city centre buildings, those that give a town centre its character are unlikely to ever be made compilable. Cost of conversion will either be too expensive or not possible, with thousands of premises having to close their doors as a result.
Savills told the Telegraph it estimates that the scheme will cost between £55bn and £90bn to upgrade retail stock across Britain, with around £10bn needed in London alone.
Mark Faithfull, a retail analyst said: “Environmentally, it's hard to argue against stricter energy efficiency regulations." "The risk is that some properties become what the commercial real estate industry calls ‘stranded assets’, unable to be let as they are but also unable to achieve high enough rents to make investment worthwhile.
The majority of high street stores across the UK are not owned by major landlords, who only account for around 40pc of national stock. And while landlords with big portfolios may have the capacity to upgrade their space, many smaller players are likely to struggle.
The plan runs in parallel to another Net Zero scheme: the 15 minute city. The plan will see access to high street shops reduced to walking, cycling or buses which retail experts have predicted will reduce footfall to most High Street shops between 60 and 80 percent.
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