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Sadiq Khan’s Ulez risks driving up pollution outside London, experts warn

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Sadiq Khan’s Ulez risks driving up pollution outside London, experts warn

London Mayor Sadiq Khan was forced to expand the scrappage scheme at the beginning of August, which Transport for London says will ensure the most polluting cars are not resold outside the M25.

Motorists can hand over non-compliant vehicles for scrap and receive payments in return, which can go towards the cost of a new or used low-emission one. Currently, grants go up to £2,000 for a car, £1,000 for a motorcycle, and between £7,000 and £11,500 for minibuses and vans.

A wheelchair-accessible vehicle can garner a scrappage grant of up to £10,000, or £6,000 for a retrofit to make it emit fewer emissions and qualify for an exemption from the charges.

Cabinet ministers were considering using a little-known legal power that allows them to reject a London mayor’s transport strategy if it is “inconsistent with national policies”.

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However, The Telegraph understands the formal legal advice commissioned concluded that the move would fail if challenged.

The expansion will mean drivers without a petrol vehicle that complies with Euro 4 emissions standards or a diesel car that complies with Euro 6 rules will be forced to pay £12.50 every day they use their car.

Most diesel cars registered before September 2015 and vans registered before September 2016 are liable alongside most petrol cars registered before 2001.

A Transport for London spokesman said the expansion of the “very targeted” Ulez scheme was expected to reduce emissions by more than 5pc.

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“To date, almost 13,000 applications for scrappage grants have been approved and more than £52m has already been committed to Londoners and London’s small businesses and charities,” the spokesman said.

They added the scrappage scheme would “ensure the most polluting vehicles are removed from our streets and not sold elsewhere in the UK”.

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CryptoCurrency

Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week

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Coinbase’s cbBTC surges to third-largest wrapped BTC token in just one week


According to data from CryptoQuant, cbBTC circulation supply has outpaced long-established players seven days after launch. 



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Bitcoin options markets reduce risk hedges — Are new range highs in sight?

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Bitcoin options markets reduce risk hedges — Are new range highs in sight?


Bitcoin options market positioning shifted as BTC price shot through the $60,000 to $63,000 level. 



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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 

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Ethereum is a 'contrarian bet' into 2025, says Bitwise exec 


Ether price could be on track for another correction into a triple-bottom, marking the beginning of a big rally into 2025.



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Blockdaemon mulls 2026 IPO: Report

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Blockdaemon mulls 2026 IPO: Report


Other Web3 infrastructure platforms, such as Circle, are also mulling IPOs.



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SEC asks court for four months to produce documents for Coinbase

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SEC asks court for four months to produce documents for Coinbase


The financial regulator requested an extension until February 2025 to review “at least 133,582 unique documents” as part of discovery motions with Coinbase.



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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec

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‘Silly’ to shade Ethereum, the ‘Microsoft of blockchains’ — Bitwise exec


Ethereum is still home to the most active crypto developers and is the most attractive chain to build applications on top of for big companies, argues Bitwise’s Matt Hougan.



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