This is money that we could have spent on useful things like education, police, hospitals, sea defences etc.
"Most of that trillion will go on replacing petrol cars with electric ones and gas boilers with electric heat pumps, and on generating, transmitting and distributing the extra electricity needed for these two uses. It also includes a host of other capital projects, including better household insulation. With all that electric demand, we would need extra power stations, extra pylons and upgrades of household electrical circuits. And we would need subsidies for installing the heat pumps and buying electric vehicles."
MATT RIDLEY: The official true cost of net zero is the same as spending £1 a SECOND for the next 31,000 years! | Daily Mail Online
"There is, of course, one benefit we will supposedly get from this spending: a lower risk of disastrous climate change. So what will climate change cost by 2050? That's a figure known as the 'social cost of carbon' — technically speaking the economic damage done by each additional ton of carbon emissions released into the atmosphere. You almost never hear this discussed any more. Why not? Because all the estimates are embarrassingly small — far smaller than the cost of decarbonising."