Sir Ian Byatt: The economic consequences of UK climate change policies


We’re told Peter Lilley MP ‘calculates a cumulative cost of over £10,000 per household between 2014 and 2030’. Much pain, little gain, no sense of economic reality? Many electricity customers can’t afford these massive and largely avoidable extra costs mandated by the targets of the UK Climate Change Act, in the vain hope of altering the weather.

Sir Ian Byatt, British economist, former Government advisor and a member of the GWPF’s Academic Advisory Council, is presenting a paper today at a climate conference organised by L’association des Climato-Réalistes in Paris, reports The GWPF.

Abstract: The climate change policy of successive British governments are damaging the UK economy.

The UK is unique in having ambitions (80% by 2050) targets for reducing emission of CO2 embedded in a Climate Change Act, and monitored by a Parliamentary committee.

Climate change policy could reduce average individual household income by more than £10,000 over a period from 2014 to 2030, or more if targets for electric cars are also to be met.

Methods used to reduce CO2 emissions have destroyed the market for electrical power generation opened up by privatisation, which had earlier reduced electricity prices to customers.

The UK is mired in the policies of the environmental NGOs. We need a wider analysis, taking proper account of the economic predicaments of the West.

Economic Consequences of Climate Change Policies
UK Economy mired in Green Aspirations.

I am delighted to be here, in this distinguished company. I will talk about the UK; its climate policy implications and costs; our experience on electricity prices; why we got there; and how we might begin to get out.

Where are we in the UK?

We are trapped in a mess of our own making, involving harmful intervention in our economic and political life. The Establishment has painted itself into a corner with unrealistic and expensive commitments. In the words of the Prince of Wales in the 1920s, to a policy of “something needs to be done”, in this case to save the planet.

Successive British governments embrace the official policy consensus. Pressure groups, the environmental NGOs, and the science lobby, including the Royal Society (nullius in verba?) have persuaded the establishment, including the current Prince of Wales, that the UK should be an international example of virtuous behaviour.

The bien pensant liberals have swallowed enough of this for the enlightened scepticism advocated by David Hume to be widely labelled “denial” – much as it was labelled atheism in his lifetime.

We are fortunate, however, in having the work of Rupert Darwall, David Henderson, Nigel Lawson, Peter Lilley, Benny Peiser and Matt Ridley, attempting to set the record straight. I bring you their greetings.

The UK is unique in setting targets for reduction in CO2 emissions in legislation, with government claims to be on target to meet them.

Continued here.

via Tallbloke’s Talkshop

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December 8, 2017 at 04:00AM

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