Net Zero Policy Already Costing UK Households Over £2,000 A Year

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Offshore wind farm [image credit: Wikipedia]

UK governments are legally forced to follow the Climate Change Act and even then they’re coming up short, according to a High Court verdict this week. How long can this climate-induced madness go on?
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new analysis by Net Zero Watch reveals that Net Zero policies are already costing every household over £2,000 ($2,400) per year, says Climate Change Dispatch.

Spending programs and the Emissions Trading Scheme together cost around £300 ($360), while green levies – mostly subsidies to renewables – are adding another £350 ($420).

Renewable energy also imposes a range of indirect costs as businesses pass on their costs to consumers, which may add up to another £600 ($719).

Finally, there is a significant cost due to the constraints put on fossil fuel extraction in the UK.

Together, these figures add up to more than £2,000 ($2,400) per household, a figure that will rise sharply as Net Zero plans move to more problematic sectors of the economy.

Andrew Montford, Net Zero Watch’s deputy director, warns:

The government seems to have no grasp of the devastating energy crisis that is about to break. The personal finance expert Martin Lewis has warned of a cataclysmic energy emergency this autumn, but ministers are still pretending that the answer is to just go faster down the same road that has brought us to the brink of disaster. This is insane.”

Full article plus links here.

via Tallbloke’s Talkshop

July 23, 2022, by oldbrew