The cost of Net Zero has been grossly underestimated by successive Governments-
in 2019 Conservative Philip Hammond estimated 2.1 trillion, the Office of Budget responsibility last year 803 billion, but the cost of decarbonising Britain turns out to be vastly more than the population has been led to believe. Turver writes, the true cost could be as high as £9 trillion – or up to £250,000 per British household.
Wind and solar can be cheap at the point of generation, but they are intermittant and unreliable without vast amounts of backup, storage and grid reinforcement. Turver shows that when these system-wide costs are included, the price of energy soars.
We already have among the highest electric costs in the world and the real costs have not hit yet.
I just don't think that this Government are competent enough to roll it out successfully.
I don't think there will be enough charging ports by 2030 when they ban new diesil cars for instance, I don't think we have the money to invest in and set up a whole new system and back up system without investing the trillions we don't have.
Our debt is The UK's debt-to-GDP ratio is historically high, hovering around 100%, with recent figures showing it between 95% and 104% of GDP, a level last seen after World War II- our credit cards are maxed out already.
YABU - it is worth it, I am willing to put up with the higher costs and substantial hit to the ecconomy for the sake of reducing Global warming
YANBU - It's too expensive and unreliable
net-zero-a-multi-trillion-pound-catastrophe
The Cost of Net Zero by David Turver