{"id":341514,"date":"2024-09-04T16:25:55","date_gmt":"2024-09-04T14:25:55","guid":{"rendered":"https:\/\/climatescience.press\/?p=341514"},"modified":"2024-09-04T16:25:57","modified_gmt":"2024-09-04T14:25:57","slug":"press-release-royal-society-understates-net-zero-cost-by-500-billion","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=341514","title":{"rendered":"Press release: Royal Society understates Net Zero cost by \u00a3500\u00a0billion"},"content":{"rendered":"\n
\"\"
Economics of alternative energy. Money in front of solar panels and wind turbunes. 3D rendered illustration.<\/figcaption><\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT <\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
London: 2 September 2024<\/em><\/h6>\n\n\n\n
Royal Society understates cost of Net Zero by half a trillion pounds<\/em><\/h6>\n\n\n\n
    \n
  • Net Zero grid will cost at least \u00a338 billion per year to build<\/em><\/li>\n\n\n\n
  • Scientists have failed to correct major error<\/em><\/li>\n<\/ul>\n\n\n\n

    A key report published under the auspices of the Royal Society understated the cost of building a Net Zero electricity grid by half a trillion pounds, according to Net Zero Watch, in a post published today on its website.<\/em><\/p>\n\n\n\n

    According to Net Zero Watch director Andrew Montford, the error revolves around how the costs of building wind and solar farms and other equipment will change over the next 25 years. The Royal Society has used Whitehall estimates of the costs for 2040 but has applied them from the start of the build period. Mr Montford said:<\/em><\/p>\n\n\n\n

    \n

    \u201cIt is simply absurd to use estimated costs for a windfarm in 2040 when calculating the costs of building one today.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

    Mr Montford said<\/em><\/p>\n\n\n\n

    \n

    \u201cIf we assume that costs fall, over 25 years, from the levels seen today to those assumed by the Royal Society, the cost of building the Net Zero grid is around \u00a3960 billion rather than the \u00a3410 billion claimed by the Royal Society.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

    Mr Montford says that there is no doubt about what the Royal Society has done, since the basis of the figure they have calculated is clearly stated in the report. However, although the Royal Society author team has been aware of the problem for several months, they have made no correction.<\/em><\/p>\n\n\n\n

    Mr Montford said:<\/em><\/p>\n\n\n\n

    \n

    \u201cIf the error is corrected, the cost of decarbonising the grid looks unaffordable. \u00a3960 billion is \u00a338 billion per year, at a time when we are cutting winter fuel allowance to save less than \u00a32 billion per year. Setting these painful facts out clearly would certainly be politically inconvenient for the Government.\u201d<\/em><\/p>\n<\/blockquote>\n\n\n\n

    <\/p>\n","protected":false},"excerpt":{"rendered":"

    A key report published under the auspices of the Royal Society understated the cost of building a Net Zero electricity grid by half a trillion pounds, according to Net Zero Watch, in a post published today on its website.<\/p>\n","protected":false},"author":121246920,"featured_media":341518,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691830466,691818154,691823294],"class_list":["post-341514","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-half-a-trillion-pounds","tag-net-zero","tag-royal-society","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0Energy-Pricingphoto-scaled-1.jpeg?fit=1600%2C1067&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1qQi","jetpack-related-posts":[{"id":381417,"url":"https:\/\/climatescience.press\/?p=381417","url_meta":{"origin":341514,"position":0},"title":"John Rentoul\u2019s Fake Cost Of Net\u00a0Zero","author":"uwe.roland.gross","date":"06\/04\/2025","format":false,"excerpt":"There has been discussion in the media in the last few days concerning claims that Net Zero will only cost the UK \u00a36 billion a year.","rel":"","context":"In \"Climate Change Committee (CCC)\"","block_context":{"text":"Climate Change Committee (CCC)","link":"https:\/\/climatescience.press\/?tag=climate-change-committee-ccc"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Net-Zero-City-Blackout.jpg?fit=1200%2C778&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Net-Zero-City-Blackout.jpg?fit=1200%2C778&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Net-Zero-City-Blackout.jpg?fit=1200%2C778&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Net-Zero-City-Blackout.jpg?fit=1200%2C778&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0Net-Zero-City-Blackout.jpg?fit=1200%2C778&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":341246,"url":"https:\/\/climatescience.press\/?p=341246","url_meta":{"origin":341514,"position":1},"title":"Shock New Claim: \u2018Green\u2019 Hydrogen Produces 37 Times More Global Warming than Carbon Dioxide","author":"uwe.roland.gross","date":"08\/31\/2024","format":false,"excerpt":"Dangerous stuff all this \u2018green\u2019 hydrogen. 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