Sunday, 23 April 2017

AS THE CO2 CUTS START TO BITE WE WILL SOON REGRET THE CLIMATE CHANGE ACT

This piece discusses the proposition that cutting CO2 emissions is a "win-win" for both the climate and the economy. This is often put forward by alarmists who want to win over those who are put off by the argument that  cutting CO2 is costly and will make us less competitive.  Unfortunately for alarmists that argument is right, though of course it is possible to both cut emissions and become more competitive by replacing coal with cheap gas, but that was just a lucky coincidence. Here is one quote from the article:

"The UK (in common with other industrialised countries) has continued to lose manufacturing jobs. Those jobs, as is well known, are now being done in China and other emerging economies, but Brits still consume the products. In other words, no matter how good the country’s performance may look on paper, global carbon dioxide emissions continue to rise."

So we shouldn't kid ourselves that if we continue to make cuts we will continue to grow the economy. Anyone should see that cutting will get ever harder and more costly as more and more industries close due to adverse energy costs. More and more imports will be needed. It is not "win-win", but more like "lose-lose"!

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