Government estimates usually mean ‘not less than’, but this is worse than that. It’s supposed not to be possible to tie the hands of future governments on policy matters, but that’s what the Climate Change Act does, based on the notion that CO2 is ‘harmful’ – except for plant growth and in fizzy drinks.
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Brits were misled about the cost of the Government’s net zero carbon emissions target by 2050 after Whitehall officials played down the estimated £70 billion annual hit, says The Sun (via The GWPF).
In bombshell emails released after a two-year FOI battle, Treasury civil servants admitted to then-Chancellor Philip Hammond that the cost of going green would likely be £20 billion a year more than the £50 billion figure they were told to champion publicly.
Ex-PM Theresa May legally committed the UK to Net Zero by 2050 before Boris Johnson took over in 2019 – meaning any harmful gases and emissions will have be offset.
Internal government modelling from the Department for Business showed it would be 40 per cent higher – reaching £1.275 trillion by 2050.
At the time, No10 played down an estimated one trillion pound total cost of switching to a totally carbon neutral economy by 2050 and dismissed the reports that it might mean public spending would have to be cut in other areas.
Andrew Montford, Deputy Director of the Global Warming Policy Foundation which pushed the FOIs, said last night: “This shows that despite being aware of a more credible higher estimate for the cost of net zero, ministers and officials chose to conceal vital information.
“We now need to see the methodology behind these estimates, so that Parliament can properly scrutinise the cost of decarbonisation policies.”
Climate researchers argue that the true cost of climate change will cost even MORE in the long term if nothing is done now.
via Tallbloke’s Talkshop
March 5, 2021 at 08:48AM