The current British government’s global warming/climate change programs, combined with the European Union’s policies, may have triggered a race to the exits by British industry:
Now, the CBI and Britain’s leading chemical firms have warned that the proposed “carbon floor” tax (also unique in the world) will make our industry so uncompetitive that, unless the policy is changed, it will lead inevitably to mass plant closures and job losses. Similarly, the European Metals Association warned last week that the EU’s various “anti-carbon” policies are becoming so costly that they are already forcing steel, aluminium and other producers in their energy-intensive industry to relocate outside Europe, losing hundreds of thousands more jobs.
At one end of the scale, then, whole industries are protesting that the soaring costs of “climate change” measures will amount, in effect, to a colossal economic suicide note. At the other, we begin to see how the obsession with “climate change” will push our own household energy bills through the roof, driving millions more people into “fuel poverty”. Apart from anything else, by 2020 our Government expects us to pay £100 billion for a further 10,000 useless, subsidised windmills, plus £40 billion to connect them to the National Grid. These costs alone would almost double our present electricity bills.
Furthermore, we are all unwittingly having to pay billions for the EU’s Emissions Trading Scheme, the Carbon Reduction scheme, higher airline taxes, higher vehicle duties, highly paid “low-carbon officers” in our council offices, and heaven knows what else besides. With the new carbon floor tax soon due to raise our energy bills by further billions, we can see why the Government’s own forecast — that the Climate Change Act will cost us up to £18 billion annually until 2050 — might well be an underestimate.
Most terrifying of all, however, is the extent to which our politicians remain firmly locked in their little green bubble, oblivious to the practical implications of the measures they have set in train. As for what purpose it all serves, we may note last week’s report that China, already the world’s biggest CO2 emitter, is now also the world’s largest energy user. Each year it increases the world’s CO2 emissions by more than the total that Britain emits annually.
