You know, that ludicrous idea where we magically poof away all our carbon emissions?
It turns out, according to the House of Lords, it might be a tad pricier than your average eco-tote bag and reusable straw combo.
Achieving net zero emissions – basically, balancing out all the carbon we chuck into the atmosphere – could cost a whole lot more than we previously thought. Like, way more. We're talking eye-watering sums that'd make even Elon Musk do a spit-take with his Dogecoin martini.
Olivier Blanchard, former head economist at the International Monetary Fund, dropped this financial bombshell on the House of Lords Economic Affairs Committee. Apparently, transitioning to a low-carbon economy is "necessary," but also "much more expensive than people imagine."
Who knew?
The cost to the UK?
A "mere" £1 Trillion!
People need to wake up to the cost of this insanity before the West totally bankrupts itself!
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