Posted on 08/26/2022 5:02:10 PM PDT by karpov
Americans who fancy themselves net-zero climate advocates might want to take a look at Britain for a guide to the future. Household energy bills were expected to rise 40% this autumn, but on Friday the government regulator announced they’ll leap 80% in a single bound.
This boost follows a 54% rise in April and brings the average household’s annual bill to £3,549 ($4,208). The median household income is £31,400, which gives a sense of the growing proportion of each household’s budget that will go toward central heating, cooking and keeping the lights on. For the ruling Tories, this is a political calamity.
And that’s merely what households will spend directly on energy. Britain is also in the grip of an energy-price crisis for businesses, whose rates aren’t subject to a cap. Some small businesses report they can’t get any utility to supply them without paying a steep deposit up front, because energy companies are concerned that high prices will push more small firms into insolvency. Lower-income households in particular will bear the brunt of this as prices for goods and services skyrocket and companies lay off employees.
If you think this couldn’t happen in America, think again. The underlying cause of Britain’s energy misery is its fixation with climate goals, especially the ambition to achieve net-zero CO2 emissions by 2050. To meet that goal Britain has grown hostile to domestic energy exploration, banning shale-gas fracking and slapping windfall-profits taxes on North Sea oil and gas producers that will deter investment. Russia’s invasion of Ukraine has hurt, but the U.K.’s policies made its citizens vulnerable to such a global shock.
The U.K. is belatedly building new nuclear plants, but those will take years to come online.
(Excerpt) Read more at wsj.com ...
bkmk
Breaking the system is the plan, not an accident.
ALL of the Wealth of politicians needs to be confiscated to make them Net-Zer0.
Net-zero emissions = net-zero food
canary in the coal mine...
Anti-Spirit
📖 ⌛
Feature
Not a bug.
Kind of late to complain now. Where was the WSJ during The Steal?
First of all, net zero emissions of what?
Secondly, is it a real pollutant or is it complete bullshit?
Third, these are rhetorical questions. WE know the answers, but John and Jane Q Sheeple don’t know to even ask these questions.
We need to start taking people to task on this issue.
have the frogs figured out the water is getting hotter yet
Net-Zero Emissions does nothing the air it moves and you get someone else’s air ,LOL
How to you get net zero when the means of using wind/solar require fossil fuels?
Intentional lead in to the great reset.
Nut Zero, may the last totalitarian out, please turn off the
lightening bug.
We need to build a bunch of nuke plants too... The greenie solutions are unicorn breath stuff.
But the polar bears will thrive.
Yup - nuclear is the only thing that actually makes sense, which is why they won’t do it because it solves the problem.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.