Source: Adam Smith Institute
by Tim Worstall
“The entire concept of net zero — or even dealing with climate change at all — is based upon the idea that not dealing with climate change is more expensive than dealing with it. Now we’ve just got evidence that dealing with it through renewables — those oh so cheap forms of energy collection — is more expensive than we’d thought. 25 million households, £400 per, that’s £10 billion a year. That’s also £10 billion a year forever. So, dealing with climate change is now more expensive than we’d thought it was. The benefit of dealing with it is exactly the same as before. That changes the balance of how much dealing — rather than suffering from — climate change we should be doing.” (04/23/24)
https://www.adamsmith.org/blog/renewables-arent-so-cheap-then