Brits face higher energy costs and pricier holidays as huge cost of Ed Miliband’s Net Zero pursuit revealed
NET Zero will cost Britain around £5billion a year for the next 25 years — with higher energy costs and pricier holidays for all.
And eco zealots want you to ditch your bacon for beans and lentils.
The Climate Change Committee today lays out the huge price of going green by 2050.
The public body claims savings will come eventually, but “the net costs of Net Zero will be around 0.2 per cent of GDP a year on average” in that time.
With GDP at around £2.6trillion, that will be around £5billion annually over the 25-year period when ministers are legally obliged to hit Net Zero.
The CCC says home heating costs will only be cheaper with significant government help to cushion the blow of switching from boilers to heat pumps.
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Its report says: “Depending on the level of policy support, a typical household will experience somewhere between £100 in savings to £150 in additional costs per year, on average, from 2025 to 2050.”
Energy Secretary Ed Miliband previously said his eco dash will knock £300 off bills.
The committee — set up by law to advise the Government on battling climate change — expects Brits to drive less and consume less meat and dairy.
It adds: “Meat products will be mainly replaced by existing alternative protein products, some plant-based whole foods and, in the later years, novel alternative proteins.”
It says farmers should stop keeping cows and sheep and move to “woodland creation” and “peatland restoration”.
The CCC also proposes a range of flying taxes, saying by 2040 “a return ticket from London to Alicante, Spain, would increase by about £150” — up £600 for a family of four.
Reform UK’s Richard Tice said: “This report confirms that Net Zero will cost many tens of billions in taxpayers’ money over the next decade.”
