Wednesday, February 21, 2024

The Trillion Pound Cost of Net Zero


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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