Posts Tagged ‘wasted mitigation money’

Happy Climate Fools’ Day

Friday, October 29th, 2010

Source:  UK Telegraph

by James Delingpole

Today is Climate Fools’ Day. To celebrate, here is an essay courtesy of Simon Barnett to show how your money is being squandered by the Coalition on “Climate Change”.

The 2008 Climate Change Act commits Britain to cutting its CO2 emissions by 80 percent by 2050 at a cost of £18.3 billion every year for the next four decades (according to the Department for Energy and Climate Change website).

This is being funded by top slicing the cash from your energy bills. The figure does not include other costs, such as the losses incurred due to the economic damage and opportunity costs of these measures. And obviously the law only seeks only to address CO2 emissions from the UK.

Without pausing to question how that 80 percent target is to be attained short of closing down the entire economy I’d just like to demonstrate the sheer scale of the cost of this bill with a little help from my beautiful assistant, H.R.H. Queen Elizabeth II. Here she is below on the fifty pound note, the largest denomination note in common circulation, and guaranteed to win friends and influence people wherever she goes…

Delingpole-she-goes-1

Also assisting me in my demonstration will be “red stick man” who is participating primarily as a visual reference to scale, but you can call him “Red Ed” if you’d like (to apportion blame). Here he is demonstrating that a million of the above notes (50 million pounds) will fit neatly onto a standard pallet… (h/t) (more…)

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