UK net zero emissions target will ‘cost more than £1 trillion’ 

Sounds like the politics of the lunatic asylum, but here we are staring down the barrel of this nonsense on stilts. At the risk of endless repetition, we have to keep pointing out that most so-called greenhouse gas is not CO2 but water vapour, which can’t be made to vanish by government policies no matter how much ridiculous expense they try to insist on.

Britain’s chancellor Philip Hammond has warned Theresa May that her plan to reduce greenhouse gas emissions to net zero by 2050 will cost the UK over £1tn, reports The Global Warming Policy Forum (GWPF).

In a letter to the prime minister seen by the Financial Times, the chancellor said the cost meant that less money would be available for schools, police, hospitals and other areas of public spending.

He also warned that the target would render some industries “economically uncompetitive” without huge government subsidies.

Mrs May, whose tenure as prime minister will end next month, is hoping the carbon emissions legislation will be one of her most important legacies after she leaves office.

The 2050 net zero target — one of the most ambitious in the world — was recommended by the Committee on Climate Change, the UK’s independent climate advisory body.

“Net zero” means that any emissions would be balanced by schemes to offset an equivalent amount of carbon from the atmosphere, such as planting trees or using technology.

Full article here.