Report Reveals £300 Billion Cost Of Britain’s Climate Change Act

  • Date: 11/12/16
  • Global Warming Policy Foundation

London, 11 December: A new report published today by the Global Warming Policy Foundation reveals the extraordinary £319 billion cost of Britain’s Climate Change Act.

The report, which is based entirely on official figures, exposes the mischievous attempts by ministers to try and disguise the true cost to households.

“Britain has been gulled by false assurances that decarbonising our economy would be costless into signing up to a stupendous bill of over £300 billion up to 2030,” said Peter Lilley MP, the study’s author and one of the few Members of Parliament who voted against the Act back in 2008.

“Hardly anyone in Westminster is aware of this even though it is more than double the cost of HS2, Heathrow and Hinckley put together. Yet so far it has not reduced our ‘carbon footprint’ as we have outsourced our carbon emissions to developing countries such as China. Described by the PM’s special adviser as ‘an act of self harm’, our climate change policies are harming our standard of living, our jobs and our industry.”

The report details the huge burden on every household, explaining how numerous devices have been used to hide the real price of decarbonisation, which is rising at a rapid rate.

Peter Lilley warns that the Government can no longer be complacent about the rising cost of Britain’s unilateral climate policies, particularly in light of Theresa May’s expressed priority of supporting ‘just about managing’ families. After all, these costs “are borne disproportionately by the less well off, the elderly and the vulnerable.”

Full report (PDF)