Saturday, April 10, 2021

Green-new-deal would do the same devastation to USA-----Net-Zero’s (CO2 emissions-UK)Skyrocketing Costs Will Hit The Poor The Hardest

Net-Zero’s Skyrocketing Costs Will Hit The Poor The Hardest
"As a lofty political idea, Net-Zero has generated public support in the short term – but it could yet prove a devastating hostage to fortune as the full costs become apparent.
How politically rewarding it must have seemed for Theresa May in one of her final acts as Prime Minister to amend the Climate Change Act giving Britain a
legally binding target of reaching net-zero emissions by 2050
, as opposed to the previous target of an 80 percent cut.
...Only slowly are the costs of reaching that target beginning to sink in.
  •  Voters, aligned in principle with climate campaigners, may well have a different view when they realize they could end up paying many thousands of pounds or even face losing their homes.
  • ...Together with measures to insulate homes better – heat pumps operate at lower water temperatures than ordinary boilers – it will mean extra costs of £18,000 household.
  • ...It is the same with the costs of switching to electric cars. The current government won easy plaudits by pre-announcing a ban on petrol and diesel cars by 2030. But it hasn’t even begun to grapple with the costs of that transformation on the general public.
  • ...As the demand for electricity explodes thanks to electric vehicles and heat pumps, so the cost of solving this problem will grow and grow.
  • As for the costs of decarbonizing the steel industry, the cement industry, and other high carbon-emitting industries, we can only guess. The technology needed to decarbonize these sectors fully has yet to be developed. In fact, it is just as conceivable that we won’t be able fully to decarbonize these sectors at all, forcing us to import steel and cement at higher prices...Read all.

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