By Paul Homewood
h/t Robin Guenier
This is the two-page Statutory Instrument, which is set to cost the UK £37bn a year , according to the Committee on Climate Change. (Note this amount is on top of the cost of meeting the original 80% targets. The full cost is now estimated at £50bn a year).
As stated, no impact assessment has been produced, and it is expected to go through Parliament on the nod, and with very little debate.
It is relevant therefore to look back at the Impact Assessment for the original 2008 Climate Change Act:
Note the statement in an economically sound way. Clearly spending £50bn a year cannot be regarded as “economically sound”.
It then goes on:
Demonstrating the UK’s leadership in tackling climate change – to increase the chances of a binding international emissions reduction agreement that would stabilize concentrations of greenhouse gases…
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