Across the West, governments are pursuing the Agenda 2030, UN-inspired goal of net zero carbon emissions, to supposedly deal with some imagined climate change emergency … you know, ten years to save the planet. This agenda has taken some radical forms, with the closing down of farms, as in the Netherlands, shutting down coal-fired power stations (but not in communist China of course), and even the end of meat scenario, and eating bugs. So, what are the economic costs of reaching this nirvana state of zero net?
The UK National Infrastructure Commission study has concluded that reaching the 2050 zero net target will be around double the amount of money spent on infrastructure over the next 27 years to £2 trillion, which is an additional £1 trillion spent on the climate change agenda. This added astronomical cost comes from replacing all the components of our existing society based around fossil fuels, such as going from fossil-fuel-powered cars to electric cars, changing home heating and cooling systems, and of course, the generation of electricity in the first place, by solar and wind. But, none of these developments will actually improve the quality of life for the ordinary people, and if anything may decrease it given the insecurities of so-called renewable energy, when the wind does not blow, and the sun does not shine.