Don’t mention the cost…this could be the funniest thing you read all day today. Any ‘official estimate’ is almost certain to fall short of reality.
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London, 21 January: The government faces a major embarrassment after the Information Commissioner ordered the Treasury to release an email containing its official estimate of the cost of decarbonising the economy, says The GWPF.
In June 2019, some weeks after Parliament adopted the 2050 Net Zero target as law, the then chancellor Philip Hammond wrote to Prime Minister Theresa May, warning that her plan to reduce greenhouse gas emissions to net zero by 2050 was likely to cost the UK more than £1 trillion.
In his letter, the chancellor wrote that the costs meant that less funding would be available for schools, the police and hospitals, pointing out that Net Zero would render some industries “economically uncompetitive.”