Climate science deniers, under the influence of the oil lobby, are bemoaning the £1.3tn cost of net zero, maintaining this will bankrupt the country.
This is a very selective reading of the OBR report. The figure is purely the investment cost and does not take into account the operational savings of £991bn. A more accurate depiction is shown in the chart below.
From 2040 onwards, net operating savings are projected to outweigh the investment costs.
In addition, this cost is spread over many years and will be a percentage of GDP. The percentage of GDP, taking into account the savings, is less than 1% per annum. Put that way, it's not such an enormous amount.
They also miss out one very important figure - the cost of doing nothing - which is over 200% of GDP.
If you're going to quote from a report, quote all the report, not just cherry-picked figures that misrepresent it.
The MP for the 19th Century was on our local SW TV last night going on about the ban on ICE vehicles in 2030 impacting poor families disproportionately. For a start, the idea that he has compassion for poor families is utterly bizarre. Secondly, there will still be 2nd hand ICE vehicles for them to buy, as well as cheap, 2nd hand EVs by then. He's talking his usual nonsense and it's surprising the interviewer didn't hold his feet to the coals over his ridiculous assertion. Sunak obviously sees an opportunity to turn an utter rout at the GE into a common or garden rout, possibly saving a handful seats by pulling the wool over they eyes of those who would never think to look at a report.
Any policy that gains the support of Rees-Mogg and Truss must be looked into carefully. Also one that garners the support of the Sun, Mail, Express and Telegraph.
Can you blame Sunak? Yes, if it involves deceit by a parliamentarian, which is unfortunately all too common these days.
5 comments:
Whatever the cost of net zero, it won't be nearly as much as the cost of supporting all the so-called illegal immigrants who head to Europe because their own countries are unlivable, because extreme weather events destroy their homes and livelihoods,because predatory neighbours like Russia and China know they can do what they like and get away with it. Phew.
"They also miss out one very important figure" The $5 trillion annual FF subsidies.
" RannedomThoughts said...
China know they can do what they like and get away with it"You mean like doing fad mire than mst coutries and being a global leader in R&D and implementation of nuclear, wind and solar?
I meant more like invading Tibet and persecuting Muslims and terrorising Taiwan and establishing so-called police stations abroad.But yes, they do very well with renewables.
RannedomThoughts needs a good arse kicking.
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