Saturday, May 23, 2009

How much will it cost to end global warming?

Climate Change Act: Now the world faces its biggest ever bill - Telegraph

One measure of the fantasy world now inhabited by our sad MPs was the mindless way that they nodded through, last October, by 463 votes to three, by far the most expensive piece of legislation ever to go through Parliament. This was the Climate Change Act, obliging the Secretary of State for Energy and Climate Change to reduce Britain's 'carbon emissions' by 2050 to 20 per cent of what they were in 1990 – a target achievable only by shutting down most of the economy.

Such is the zombie state of our MPs that they agreed to this lunatic measure without the Government giving any idea of what this might cost. Only one, Peter Lilley, raised this question, and it was he who, last month, alerted me to the fact that the minister, Ed Miliband, had at last slipped out a figure on his website (without bothering to tell Parliament). The Government's estimate was £404 billion, or £18 billion a year, or £760 per household every year for four decades."

It's kind of weird for the Daily Telegraph to complain about an over concentration on MP's expenses, but this is a fair enough comment by Christopher Booker.

Of course an Act that costs £18 billion a year is important.

But what his figures seem to suggest is that the cost for British people of our part of limiting global warming is around £15 per household per week.

I.e. two bottles of semi-decent wine.

That seems like a bargain to me.

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