The public may not tolerate the true cost of net-zero
18 August 2021
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In the Media
Annabel Denham & Len Shackleton write for The Telegraph
18 August 2021
Press Release
Economic Theory
Christopher Snowdon writes for The Critic
IEA Head of Lifestyle Economics, Christopher Snowdon, has penned an article for The Critic, arguing the public may not tolerate the cost of the government’s ambitious net-zero targets.
Christopher said: “The government says decarbonising the UK will cost one trillion pounds, but then it also said HS2 would cost £36 billion. Since HS2’s budget is now three times higher, the Global Warming Policy Foundation’s estimate of Net Zero costing more than three trillion pounds may be more realistic. And this is in addition to our contribution to $100 billion of “climate finance” the rich world has promised to give developing countries every year“.
Read the full article here.
Christopher said: “The government says decarbonising the UK will cost one trillion pounds, but then it also said HS2 would cost £36 billion. Since HS2’s budget is now three times higher, the Global Warming Policy Foundation’s estimate of Net Zero costing more than three trillion pounds may be more realistic. And this is in addition to our contribution to $100 billion of “climate finance” the rich world has promised to give developing countries every year“.
Read the full article here.
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