GWPF Calls On Government To Reject £1 Trillion ‘Net Zero’ Target

  • Date: 06/06/19
  • Press Release, Global Warming Policy Forum

The Global Warming Policy Forum is calling on the UK government to refrain from legislating for a Net Zero emissions target and support a Treasury review into its economic impact.

The Climate Change Committee (CCC) recently recommended that the UK’s current CO2 emissions reduction target of 80% by 2050 should be amended to 100%, claiming that the projected costs would be ‘within the expected economic cost that Parliament accepted when it legislated the existing 2050 target for an 80% reduction from 1990.’

In a letter to the Secretary of State Greg Clark, Dr Benny Peiser, the GWPF’s director, warns that neither the Department for Business, Energy & Industrial Strategy nor the Treasury have any confidence in the CCC’s cost assumptions for Net Zero, with the Chancellor warning the Prime Minister that the actual costs to taxpayers would be more than £1 trillion – or £1.3 billion per week by 2050.

In light of justified concerns about the astronomical costs involved, the UK government should refrain from legislating for a net zero emissions target and support a Treasury review into its economic impact,” Dr Peiser said.

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