One of the reasons Britain’s Conservative Party was thrown out of office last year was that it forced through a law to reach Net Zero carbon dioxide emissions by 2050. That pushed energy prices up and domestic energy production fell by 25% or more.
Now, former Prime Minister Boris Johnson says in a new Laffer book called Prosperity Through Growth: “I think net zero, we went far too fast. I got carried away by the idea that sustainable and renewable forms of energy could fill the gap.”
The book also quotes Sir Tony Blair, the former Labour Party prime minister, as saying net zero is “doomed to fail” in its current form. He said voters are “being asked to make financial sacrifices and changes in lifestyle when they know the impact on global emissions is minimal.”
Now they tell us.
This week, the current Conservative leader Kemi Badenoch told her party’s conference the Climate Change Act would be abolished if elected Prime Minister.
The irony is that Britain still has massive oil and gas reserves in the North Sea. How can the country be running out of energy?