Boris Johnson’s Net Zero goal in disarray as Chancellor baulks at the £1.4 trillion cost

Posted: July 26, 2021 by oldbrew in climate, government, ideology, net zero
Tags: ,

Climate-1The cost of all this climate folly is likely to be a major under-estimate anyway. Hammering the economy for no good reason, and hitting people’s incomes with carbon taxes and other so-called climate regulations, won’t sell well at election time either. Obsessing about the weather has gone way too far.
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Proposals to reduce emissions to ‘net zero’ as part of Boris Johnson’s plan to make the UK a ‘world leader’ in green policies have been thrown into disarray after Rishi Sunak raised objections to the eye-watering cost to the Treasury, says the Mail on Sunday (via The GWPF).

As part of the net zero plan –which would decarbonise the economy by 2050 – No 10 had been expected to publish in the spring details of the strategy for moving away from gas boilers ahead of Glasgow’s COP26 climate change conference in November.

But this has been delayed until the autumn amid mounting alarm about the bill.

The Chancellor – who is already looking for ways to pay back the £400 billion cost of the Covid crisis and the £10 billion a year required to reform long-term care for the elderly – is understood to have baulked at estimates of hitting net zero at more than £1.4 trillion.

The independent Office For Budget Responsibility (OBR) calculated the cost of making buildings net zero at £400 billion, while the bill for vehicles would be £330 billion, plus £500 billion to clean up power generation and a further £46 billion for industry.

After energy savings across the economy, this would leave a £400 billion bill for the Treasury.

The OBR also warned that the Government would need to impose carbon taxes to make up for the loss of fuel duty and other taxes.

The Prime Minister is considering issuing millions of households with ‘green cheques’ worth hundreds of pounds to compensate them for the cost of becoming more energy efficient.

It is the latest claim of tensions between No 10 and No 11 over the strains on the public purse.

Full article here.

  1. Peter Norman says:

    Enough of this and our continual blog moaning! Behind this net zero nonsense there is amazingly influential lobbying group and nothing we say here is going to have any impact. See just this one example below:
    Who is behind this campaign?
    Wales was the first UK country to declare “A Climate Crisis”.
    To fight this lot we need to think smarter. What wins wars? In the words of George Bush: “Shock and Awe”. Now there is a little known event called COP26 next November, the day after we put the clocks back. Our bloggers would like to protest in Glasgow, along with all eco-warriors, climate activists and the general public who are well p*ssed off with massive renewable energy increases in their electric bills (By the way, SSE, National Grid and Scottish Power are even adding to bill costs by actually sponsoring the event!). We should protest big time. Alas, outside the Scottish Event Conference Centre it’s probably going to be cold and wet and who wants to travel to Glasgow anyway? But there is a way to protest, from your own home: “Grid Shock!”
    ACTION: Every home and business in the country should switch on as much electrical stuff as they can for 15 minutes at precisely 7:30 am on November 1 and just for good measure the same thing at 7:30pm in the evening: This is Grid Shock-Day-1. What about extending the protest to every day of COP26 of the conference? Do you get it? Everyone is protesting for his/her own cause and making a point. Effective or what? How many days do we all need to take out the grid to make our point? If this does not give the government a shock about of the dangers of net zero, then nothing else will.
    TB/OB time to hit back for your climate-gate insult: Who’s game for infiltrating some pressure groups and suggesting a national “Grid Shock” from home protest as a wake-up to government?

  2. Peter Norman says:

    OB I tried to post here. Is it lost in some sin-bin?

    [reply] found in WordPress spam bin

  3. Chaswarnertoo says:

    Reality intrudes into Mr Nut Nut PMs green insanity.

  4. dennisambler says:

    Whilst Princess Nut Nut is a convenient peg to hang this hat on, the reality is that this has been Conservative policy for many years. Why is Deben still in his job, because the party hierarchy and the Civil Service want him there.

    Deben in his previous incarnation as John Gummer, Environment Secretary, was at Kyoto in 1997 and has jetted around the world to events such as the annual TERI, (the late Pachauri’s outfit), sustainability conference. He was also president of Globe International, a “behind the scenes” grouping of politicians hubristically describing themselves as legislators, who came up with global legislation objectives to be imposed in their home countries. He was also at Paris as you would expect.

    Other Tory Climate Dons include Oliver Letwyn and Zac Goldsmith, whom Boris made a Lord. There are also the family members, Lord Jo, Dad Stanley and sister Rachael.

    Then there are the “academics”, November 2019, just as Covid arrived around the world:

    “We have to cut our greenhouse gas emissions to zero by 2050: that’s what climate scientists tell us, it’s what social protesters are asking for and it’s now the law in the UK. But we aren’t on track.
    …if we really want to reach zero emissions in thirty years time, what does that involve?

    We need to switch to using electricity as our only form of energy and if we continue today’s impressive rates of growth in non-emitting generation, we’ll only have to cut our use of energy to 60% of today’s levels.

    …we can drive smaller cars and take the train when possible, use efficient electric heat-pumps to keep warm and buy buildings, vehicles and equipment that are better designed and last much longer.

    Although there are lots of new ideas about electric planes, they won’t be operating at commercial scales within 30 years, so zero emissions means that for some period, we’ll all stop using aeroplanes.

    In addition, obeying the law of our Climate Change Act requires that we stop doing anything that causes emissions regardless of its energy source. This requires that we stop eating beef and lamb – ruminants who release methane as they digest grass – and already many people have started to switch to more vegetarian diets.”

    Last but not least is the Tory “liberal” think tank, Bright Blue, published 2018

    “Our primary role is to create and vet government policy.”

    Have a very good look at the Advisory Board members, starting with Michael Gove… Rachael Johnson is a non-exec director, They list 187 parliamentarians as supporters, I think all Tories.

    “Bright Blue, the independent think tank for liberal conservatism, has today published a new report, “Hotting up”, which demonstrates that there is a strong scientific, technological, legal, and political case for the UK Government to achieve deeper decarbonisation in the decades ahead, including through the adoption of new legal net zero emission target.”

    And then Theresa May had her epiphany and imposed Net Zero…

    They are perfectly happy to lay all this on Princess Nut Nut, a useful diversion from the real actors.

  5. tom0mason says:

    A £billion here, a £billion there, pretty soon we’ll be talking about real money.

    The UK national debt grows at a rate of £5,170 per second!

  6. oldbrew says:

    The notion of politicians as climate controllers is absurd.

  7. oldbrew says:

    UK gas boiler ban likely to be put back 5 years to 2040.

    Another twist…
    Business Secretary Kwasi Kwarteng provoked anger after admitting smart meters will become redundant if Britain ditches gas boilers in an effort to go green. He said new smart meters that work on hydrogen boilers – a possible future greener alternative to conventional gas boilers – would have to be installed.

    The 46-year-old told MPs on the science and technology committee: ‘We are developing prototype smart meters that can be installed to be adapted to hydrogen.’

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