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May 2012
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UK Government see-sawing with costs & benefits of their Climate Change Bill 2008

May 10th, 2012 by Warwick Hughes

I was amazed to hear reports quoting UK MP Peter Lilley that the Climate Change Bill 2008 “….puts the Bill’s potential cost as up to £205bn, it says the maximum benefits of this massive expenditure is £110bn(out to 2050).” BBC article from Nov 2008.
I thought, surely no rational society would do something so harmful to itself.
In March 2009 the Labour Government drastically revised the costs & benefits which are now as in this screen-shot.

What a descent into fairyland – and of course the huge and utterly illusory benefits are pumped up by the benefits of UK emission reductions around the world (page 7 of the pdf).
Do readers have an idea where the UK Govt is with all this now in May 2012 ?

Posted in IPCC, Resources | 5 Comments »