Revealed: Eyewatering £37BILLION cost of Ed Miliband's green crusade to make Britain Net Zero by 2029
1 week, 4 days ago

Revealed: Eyewatering £37BILLION cost of Ed Miliband's green crusade to make Britain Net Zero by 2029

Daily Mail  

Ed Miliband's spending spree to make Britain achieve Net Zero carbon emissions by the next general election in 2029 will cost a staggering £37billion in public money, The Mail on Sunday can reveal. Pictured: Ed Miliband with Keir Starmer and Anas Sarwar at the Port of Greenock Ministers are also drawing up plans to subsidise the cost of fitting solar panels and energy storage batteries in homes for the Government's pledge for the UK to use clean energy by 2030 Labour will pay an estimated £4billion in subsidies to the Drax power plant in North Yorkshire by 2027 for it to burn wood pellets imported from forests overseas. Other funding programmes Labour is pressing ahead with include: £2billion for the automotive industry's transition to Net Zero, digitalisation, and automation, as well as £200million for EV charging points; £120million to support buying electric vans as part of the plug-in vehicle grant; £2billion for 11 new hydrogen projects; £1.5billion for the next renewable energy auction; £239million to help tackle global deforestation. Tory energy spokesman Claire Coutinho said last night: 'Labour's Net Zero zealotry will mean taxpayers having to fork out billions of pounds in pursuit of Ed Miliband's vanity projects, and leaving families facing higher costs.'

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History of this topic

Miliband: Logical to say energy bills will reduce under clean energy policies
3 weeks ago

Miliband: Logical to say energy bills will reduce under clean energy policies

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Ed Miliband has argued it …

Ed Miliband announces £22bn investment in ‘unproven’ green technology
3 months ago

Ed Miliband announces £22bn investment in ‘unproven’ green technology

The Telegraph  

Ed Miliband has announced £22 billion in funding for a green technology that has been criticised as expensive and unproven. Three carbon capture and storage projects in the North West, and Teesside and the Humber, will receive £21.7 billion from a mixture of tax and bill payer funding over 25 years. It is the one of the biggest single investments …

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says
4 months ago

£8.3 billion GB Energy plan will shield consumers from shocks, Miliband says

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Labour’s flagship GB Energy company will shield consumers from international …

True cost of Labour’s net zero target revealed in audio leak
6 months, 2 weeks ago

True cost of Labour’s net zero target revealed in audio leak

The Telegraph  

Shadow minister’s comments in full Darren Jones So the £28 billion became a distraction against the mission of decarbonising the power system by 2030. So that’s why he set a mission for decarbonising the power grid; the vast majority of the power system is owned by the private sector. The £28 billion which was announced as part of our green …

Reeves to reiterate Labour pledge to cut down energy bills
6 months, 2 weeks ago

Reeves to reiterate Labour pledge to cut down energy bills

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy A Labour government would help …

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories
6 months, 3 weeks ago

Labour’s claims it will cut energy bills by £300 are ‘false’, insist Tories

The Telegraph  

Claire Coutinho has accused Labour of misleading voters over claims its green energy plans will slash household bills by £300 a year. The criticism comes after Ed Miliband, the shadow energy secretary, claimed that a massive expansion of wind, solar and nuclear power will cut consumer bills by an average of £300 a year by 2030. However, Ms Coutinho pointed …

What is Great British Energy? Labour’s flagship policy explained
7 months, 1 week ago

What is Great British Energy? Labour’s flagship policy explained

The Telegraph  

How will it be paid for? But the Conservatives have pointed to analysis from investment bank Stifel which found Labour’s windfall tax would only bring in £6.5bn of additional tax by 2030. The Conservatives have said Labour’s green energy plans are an uncosted “vanity project” from Ed Miliband, the shadow energy secretary, that will lead to tax rises. They also …

British energy production plunges to record low
9 months, 2 weeks ago

British energy production plunges to record low

The Telegraph  

Ross Dornan, author of the report, warned that plummeting oil and gas output was directly linked to the Government’s decision to impose windfall taxes on offshore operators’ profits – prompting many to cut new investments. “Oil and gas investments have become a lot less profitable and competitive as commodity prices have fallen but not project costs and tax rates.” The …

Labour’s net zero plans ‘will cost £116 billion’
9 months, 2 weeks ago

Labour’s net zero plans ‘will cost £116 billion’

The Telegraph  

Labour’s plans to reach net zero will cost £116 billion, new analysis has revealed. Analysis by Aurora Energy Research, founded by academics from the University of Oxford, for Policy Exchange, found that decarbonising the UK’s power grid by 2030 would cost £116 billion over the next 11 years. Bim Afolami, a Treasury minister, said Monday’s report showed that Sir Keir’s …

Net zero will be far more expensive than public thinks, Lords warned
10 months, 2 weeks ago

Net zero will be far more expensive than public thinks, Lords warned

The Telegraph  

He pointed to France and Germany where farmers are protesting the phasing out of diesel subsidies and other EU environmental regulation as an example of the political challenges inherent in net zero. I suspect that for the next few years, probably 0.5pc more is the absolute minimum needed.” The Office for Budget Responsibility has previously put the cost of the …

Labour's green target 'unachievable' after ditching £28bn pledge, say experts
10 months, 4 weeks ago

Labour's green target 'unachievable' after ditching £28bn pledge, say experts

The Telegraph  

Labour’s target to convert Britain to “clean power” by 2030 has been dismissed by energy sector figures as “unachievable”. The commitment to decarbonising electricity generation by the end of the decade was already considered highly ambitious, but experts said that Sir Keir Starmer’s decision to ditch the party’s £28 billion green investment plan made it all but impossible. Last week, …

Britain's Labour Party is watering down a green investment pledge. Environmentalists are unimpressed
11 months ago

Britain's Labour Party is watering down a green investment pledge. Environmentalists are unimpressed

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Environmental groups on Thursday criticized Britain’s opposition Labour Party for ditching …

Labour’s home insulation policy will cost double what it claims, says Treasury
11 months ago

Labour’s home insulation policy will cost double what it claims, says Treasury

The Telegraph  

Labour’s plan to improve energy efficiency across millions of homes would cost more than double the amount the party has claimed, an analysis by Treasury officials has found. They have costed someone else’s policy, not Labour’s.” Rishi Sunak heavily criticised Sir Keir Starmer, the Labour leader, over the policy at Prime Minister’s Questions. Labour’s policy is to spend £6 billion …

Net zero policy changes to cost drivers and renters more money, say advisers
1 year, 2 months ago

Net zero policy changes to cost drivers and renters more money, say advisers

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Around a fifth of the required emissions reductions to 2030 are covered by plans that we assess as insufficient …

Sir Keir Starmer: I’ll bulldoze Nimby opposition to building new houses
1 year, 2 months ago

Sir Keir Starmer: I’ll bulldoze Nimby opposition to building new houses

The Telegraph  

Declaring Labour is now the party of conservative values, he attacked the Tories for saying that too many young people go to university. It’s this Labour party.” Net zero Sir Keir insisted he would “speed ahead” with green policies after Rishi Sunak delayed or diluted a number of net zero targets. “So when Rishi Sunak says row back on our …

Half of Britons too worried about cost of living to consider climate change
1 year, 4 months ago

Half of Britons too worried about cost of living to consider climate change

The Telegraph  

More than half of British people are too concerned about the cost of living to worry about climate change, a new poll suggests. ‘Nonsensical rabbit hole’ Mr Mackinlay said: “I am not at all surprised that polling shows the British public, now facing the reality of net zero costs, becoming lukewarm to the project. It’s little wonder the public are …

Net zero could push energy bills up by £120 a year
1 year, 7 months ago

Net zero could push energy bills up by £120 a year

The Telegraph  

Sir John Redwood, a former policy chief under Margaret Thatcher, added: “The last thing we want is another government-imposed hike in the price of energy. “It would be unfair to ask households that won't benefit from hydrogen directly to pay for it,” said Jack Richardson, head of energy and climate at Onward. Energy Bill 'seeks to make people cold and …

Sir Keir Starmer under pressure to revive Corbyn pledge to renationalise energy industry
1 year, 7 months ago

Sir Keir Starmer under pressure to revive Corbyn pledge to renationalise energy industry

The Telegraph  

Union chiefs are pressuring Sir Keir Starmer to renationalise the energy sector at a cost of £200bn to the taxpayer if Labour are elected. Sharon Graham, general secretary of the Unite union, said: “It’s time to end the scandal of our energy system, which allows profiteers to pocket billions while workers and communities are left in the cold.” Jeremy Corbyn …

If you think net zero is expensive, wait until you see the cost of the climate crisis
1 year, 9 months ago

If you think net zero is expensive, wait until you see the cost of the climate crisis

The Independent  

Going green will “destroy our economy” – at least, according to some commentary in recent days. However, Britain’s largest asset manager – which is well-informed on the economic impacts of rising sea levels, droughts, bad harvests, floods and other extreme weather events – makes clear in a report that cost will be reduced if we act to address the cause …

Government plans £1bn per year for carbon capture technology
1 year, 9 months ago

Government plans £1bn per year for carbon capture technology

The Independent  

The Government has announced a new plan to funnel around £1 billion a year into technology which can help capture carbon emissions before they are released into the atmosphere. The Chancellor will next week set out what he promises to be a “clean energy reset” with extra money for carbon capture and new promises on nuclear power. This plan will …

Billion pound spending gap as government spends less on UK emission cuts than it raises in carbon tax
2 years ago

Billion pound spending gap as government spends less on UK emission cuts than it raises in carbon tax

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The government is spending a billion pounds less on cutting domestic emissions than it is …

Millions of Britons face £900 energy bill hike in April as cap ends
2 years, 1 month ago

Millions of Britons face £900 energy bill hike in April as cap ends

Daily Mail  

Millions of households face a cost of living crunch in April with average energy bills rising by £900 as the government's cap ends - and council tax almost certain to soar. Rishi Sunak said there was no option about 'putting our public finances on a sustainable trajectory', suggesting that otherwise there would be a repeat of the market meltdown that …

Taxpayer subsidy to energy giants ‘could exceed 100p in the pound’ if Hunt increases windfall tax
2 years, 1 month ago

Taxpayer subsidy to energy giants ‘could exceed 100p in the pound’ if Hunt increases windfall tax

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Uplift director Tessa Khan said: “When UK households are facing …

Triple spending on insulation for poorer homes, say MPs
2 years, 2 months ago

Triple spending on insulation for poorer homes, say MPs

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. But the All-Party Parliamentary Group on the Environment has called for that figure to be increased to £3 billion, …

Liz Truss vows ‘never again’ on exorbitant energy bills
2 years, 4 months ago

Liz Truss vows ‘never again’ on exorbitant energy bills

The Telegraph  

Britons must never again be forced to pay exorbitant energy bills, Liz Truss will declare on Thursday as she promises more North Sea drilling and ditches the fracking ban. Annual energy bills will be frozen at around £2,500 for the average household both this winter and next, and green levies will be scrapped. “Putin’s war in Ukraine and weaponisation of …

PM urged to act ‘decisively and urgently’ as energy price cap jumps to £3,549
2 years, 4 months ago

PM urged to act ‘decisively and urgently’ as energy price cap jumps to £3,549

The Telegraph  

Ms Truss, the frontrunner to become PM, has promised tax cuts to bolster households being battered by the highest inflation for 40 years but allies hint that more direct support is likely. A spokesman for Liz Truss’s campaign said she would “immediately take action to put more money back in people’s pockets by cutting taxes and suspending green energy tariffs”. …

Why we can never hear enough about the case for net zero
2 years, 7 months ago

Why we can never hear enough about the case for net zero

The Independent  

One of the many problems created by the energy price spike is the door it appears to have opened for those seeking to downplay the climate crisis. That being the case, let’s dump all those green levies and instead divert resources into subsidising new North Sea fossil fuel projects, boosting gas storage, and pushing ahead with fracking in places where …

Energy bills: How Boris Johnson is still caught in a trap laid by Labour’s Ed Miliband
2 years, 11 months ago

Energy bills: How Boris Johnson is still caught in a trap laid by Labour’s Ed Miliband

The Telegraph  

Critics say state interventions adopted by the Tories have prevented the energy market from operating competitively, driving up costs even before the recent rise in wholesale prices. The problems date back to 2008, when the Labour government imposed a series of green levies on households through their energy bills using the Climate Change Act, the brainchild of Mr Miliband. David …

Counting the huge cost of net zero - and who's going to pay it
2 years, 11 months ago

Counting the huge cost of net zero - and who's going to pay it

The Telegraph  

When it comes to cutting emissions, it will cost an awful lot to make a little. The global effort to hit net zero by 2050 will cost $275 trillion in spending on physical assets, ranging from wind farms to electric cars and better-built houses, according to global consultancy McKinsey. That is equivalent to around a century’s worth of global military …

Scrapping green policies has caused household bills to rise by £2.5bn, analysis finds
2 years, 11 months ago

Scrapping green policies has caused household bills to rise by £2.5bn, analysis finds

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Scrapping green policies over the past decade has added nearly £2.5bn onto the UK’s energy …

Cost-of-living ‘catastrophe’ as soaring bills and taxes blow £1,200 hole in household budgets
3 years ago

Cost-of-living ‘catastrophe’ as soaring bills and taxes blow £1,200 hole in household budgets

The Independent  

Get the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Families face a cost-of-living ‘catastrophe’ next year as soaring energy …

Majority of economists say benefits of reaching net zero by 2050 outweigh costs, survey finds
3 years, 9 months ago

Majority of economists say benefits of reaching net zero by 2050 outweigh costs, survey finds

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The majority of economists say that the benefits of reaching net-zero emissions by 2050 would …

Instead of panicking, fight climate change with innovation
3 years, 9 months ago

Instead of panicking, fight climate change with innovation

China Daily  

Across the world, politicians are going out of their way to promise fantastically expensive climate policies. US President Joe Biden has promised to spend $500 billion each year on climate policies－about 13 percent of the entire federal revenue. The UN Intergovernmental Panel on Climate Change found that of the 128 analyzed climate policies, all made us poorer. Tellingly, European Commission …

Instead of panicking, fight climate change with innovation
3 years, 9 months ago

Instead of panicking, fight climate change with innovation

China Daily  

Across the world, politicians are going out of their way to promise fantastically expensive climate policies. US President Joe Biden has promised to spend $500 billion each year on climate policies－about 13 percent of the entire federal revenue. The UN Intergovernmental Panel on Climate Change found that of the 128 analyzed climate policies, all made us poorer. Tellingly, European Commission …

Just £4bn of new money for Boris Johnson’s climate emergency plan, Cabinet minister admits
4 years, 1 month ago

Just £4bn of new money for Boris Johnson’s climate emergency plan, Cabinet minister admits

The Independent  

Sign up for the View from Westminster email for expert analysis straight to your inbox Get our free View from Westminster email Get our free View from Westminster email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Just £4bn of new money has been found for Boris Johnson’s …

Climate crisis: Government urged to fulfil £9bn insulation pledge
4 years, 6 months ago

Climate crisis: Government urged to fulfil £9bn insulation pledge

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. In a letter to the chancellor Rishi Sunak, the chair of the committee, Philip Dunne, along with Darren Jones, …

Climate crisis: Government refuses to explain ‘trillion pounds’ estimate of transition to net-zero emissions
4 years, 10 months ago

Climate crisis: Government refuses to explain ‘trillion pounds’ estimate of transition to net-zero emissions

The Independent  

Sign up to the Independent Climate email for the latest advice on saving the planet Get our free Climate email Get our free Climate email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy The government has refused to explain why its estimates for the cost of reaching net-zero …

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