Energy and Environment

May hid the true cost of going net-zero

Victoria Hewson quoted in The Sun

Former PM Theresa May legally committed the UK to net zero carbon emissions by 2050 in 2019 but The Sun reports that she concealed the true cost going net zero from the public. The May government claimed the commitment would cost the UK £50 billion a year, but an FOI request sent to the Treasury reveals the figure was actually £70 billion a year.

Victoria Hewson, Head of Regulatory Affairs at the Institute of Economic Affairs, was quoted in The Sun saying: “To scrutinise new environmental regulations properly, Parliament and the public need access to all the relevant information”.

Hewson argued it was unfortunate that the government chose to withhold crucial cost assessment for so long, adding that “the Treasury’s view seems to have been based on such vague projections”.

Read the full article here.