The costs of environmental policies
Yesterday in the Commons I raised the issue of the costs of both the nature and habitats policy we were legislating and the much higher costs of the planned transition to net zero carbon dioxide. I will be saying and doing more about this in the long run up to COIP 26. I will post this morning my two speeches on the Report Stage and Third Reading of the Environment Bill which contain more of the detail.
As the government starts to translate a net zero 2050 target into a set of shorter term and more specific targets we need to explore the impact these will have on jobs, total output and incomes and public spending. My main contention with government is that they can only realistically go for a successful green transition on cars, boilers and the rest as and when there are affordable good products that people want to buy because they offer us something as good or better than what we currently have.
Source: https://johnredwoodsdiary.com/2021/05/27/the-costs-of-environmental-policies/
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