Matt Ridley: The Climate boondoggle is the biggest transfer of money from the poor to the rich since Sheriff of Nottingham

 

 

By Jo Nova

The poor today are even paying to help the very rich people of 2100 get slightly richer

Matt Ridley

In a droll, but scathing assessment, Matt Ridley calculates that even in a best case scenario, with the most generous estimate of how useful a wind turbine might be, the people in the UK are spending £25 billion a year to reduce global emissions of CO2 by 0.00002 or two hundredths of one percent.

At that rate getting the world to net zero will cost £100 trillion a year – or the entire world’s economic output.

The numbers burn like the Hindenburg, yet serious people keep a straight face, like we are living in an episode of Monty Python. The Parliamentarians pretend to save the world, the scientists research a pretend world, and the media pretend to be journalists.

Excerpts from Matt Ridley on X:

The climate boondoggle is one of the most regressive wealth transfers in history: never in the field of human commerce, or at least not since the sheriff of Nottingham, has so much tax been paid by people so poor to people so rich. Perhaps Ed Miliband is […]

via JoNova

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July 25, 2025 at 04:42PM

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