Labour will be taking a risk sticking by its ?28bn green energy plan. It should do it anyway | Larry Elliott

True, the Tories will accuse Keir Starmer of being spendthrift, but it's better for the party to fight an election on its own termsIt's official: 2023 was the hottest year since records began and by some distance. The Earth is now 1.48C warmer than it was before the dawn of the industrial age and rapidly approaching the target limit of 1.5C set by the international community in Paris in 2015.The movers and shakers who will pitch up in Davos to attend next week's World Economic Forum (WEF) are worried - as well they might be. The WEF's global risks survey is unequivocal: in a highly dangerous world, the threat posed by the climate emergency is the one that gives most cause for concern in the long term.Larry Elliott is the Guardian's economics editor Continue reading...