Monday, 13 June 2011

UK faces job losses as businesses threaten to flee abroad to escape green energy levies

Telegraph
"In a new book – The Green Mirage – published in the summer by the think tank Civitas, Dr John Constable, Director of the Renewable Energy Foundation, has estimated the consumer subsidy for wind farms and other renewable energy sources will total at least £100 billion by the time the Government meets its carbon reduction targets in 2030. Dr Constable said last week: "The consumer interest is being sacrificed in efforts to meet arbitrary targets, apparently at any price. This is not a sustainable policy."

In a withering attack this weekend, Lord Lawson, the former Tory chancellor, said that David Cameron's attempt to make his the greenest government ever "does not have a leg to stand on" and branded the Government's decarbonisation policy as "absurd". It is estimated that an average of £200 is added on to the current household energy bills to help pay for the switch to renewable energy sources such as wind farms. That cost is expected to rise as more and more wind farms come into existence.In the strongest signal so far of the effect of carbon reduction costs, Tata, the Indian-owned steel manufacturer, announced it was cutting 1,500 UK jobs, claiming "EU Carbon legislation threatens to impose huge additional costs on the steel industry"
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UK business poised to flee green carbon tax
(WUWT)

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