{"id":367863,"date":"2025-02-27T08:32:36","date_gmt":"2025-02-27T07:32:36","guid":{"rendered":"https:\/\/climatescience.press\/?p=367863"},"modified":"2025-02-27T08:32:38","modified_gmt":"2025-02-27T07:32:38","slug":"net-zero-watch-ridicules-fantasy-carbon-budget","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=367863","title":{"rendered":"Net Zero Watch ridicules \u2018fantasy\u2019 Carbon\u00a0Budget"},"content":{"rendered":"\n
\"\"<\/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: 26 February 2025<\/em><\/h6>\n\n\n\n
Net Zero Watch ridicules \u2018fantasy\u2019 Carbon Budget<\/em><\/h6>\n\n\n\n

Net Zero Watch has ridiculed the Seventh Carbon Budget, which was published today, saying that \u2018it doesn\u2019t rise much above the level of fantasy\u2019. The campaigning organisation says that the spending estimates are unaffordable, and are lowballed, because they are based on figures that bear no resemblance to anything seen in the real world.<\/em><\/p>\n\n\n\n

The Climate Change Committee, which prepares the budget, says that capital expenditure on Net Zero projects will have to rise from around \u00a318 billion today to over \u00a340 billion by 2029, a level of expenditure that will then have to be sustained for a decade. But Net Zero Watch director Andrew Montford says this is unaffordable:<\/em><\/p>\n\n\n\n

\n

The Chancellor of the Exchequer is already running out of spending headroom. For the Climate Change Committee to commit the country by law to a financial excess on this scale shows that the whole Net Zero project is not grounded in reality.<\/p>\n<\/blockquote>\n\n\n\n

And Mr Montford has discovered that even these figures are gross underestimates, because the Climate Change Committee is assuming dramatic reductions in the cost of renewable energy, despite the fact that the ongoing trend is upwards.<\/em><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n
\"\"<\/figure>\n\n\n\n

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

\n

The Climate Change Committee are telling us that Net Zero is going to save us money, but it\u2019s clear that they have simply invented numbers that will lead to that conclusion. This report is not worth the paper it\u2019s printed on.<\/p>\n<\/blockquote>\n\n\n\n

Notes for editors<\/em><\/h6>\n\n\n\n

1. Real-world estimates of the cost of offshore wind (levelised costs) have been prepared by Net Zero Watch from audited financial accounts of windfarms.<\/em><\/p>\n\n\n\n

2. Strike prices may be slightly lower than levelised costs because they are index linked and because windfarms can earn prices above their strike prices in various ways.<\/em><\/p>\n\n\n\n

3. Ed Miliband is currently consulting on the possibility of extending windfarm subsidies to 20 years (from the current 15 years). This comes after the introduction of extra subsidies for windfarms in the shape of the Clean Industry Bonus scheme. These two factors are further indications that windfarm costs are rising, not falling.<\/em><\/p>\n\n\n\n

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

Net Zero Watch has ridiculed the Seventh Carbon Budget, which was published today, saying that \u2018it doesn\u2019t rise much above the level of fantasy\u2019. The campaigning organisation says that the spending estimates are unaffordable, and are lowballed, because they are based on figures that bear no resemblance to anything seen in the real world.<\/p>\n","protected":false},"author":121246920,"featured_media":367869,"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":[691823159,691831484,691818154,691825591,691833568,691818536],"class_list":["post-367863","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-climate-change-committee-ccc","tag-energy-secretary-ed-miliband","tag-net-zero","tag-net-zero-watch","tag-seventh-carbon-budget","tag-windfarms","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/02\/0net-zero-graphic.jpg?fit=1320%2C742&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1xHh","jetpack-related-posts":[{"id":449192,"url":"https:\/\/climatescience.press\/?p=449192","url_meta":{"origin":367863,"position":0},"title":"Miliband\u2019s New Net Zero EV Targets Are Not Credible, Warn Carmakers","author":"uwe.roland.gross","date":"06\/08\/2026","format":false,"excerpt":"The debate is less \u201cEVs versus no EVs\u201d and more: how quickly the transition can realistically happen, and who absorbs the cost\u2014manufacturers, consumers, or government support programs.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/06\/00-ChatGPT-Milibands-New-Net-Zero-EV-Targets-Are-Not-Credible-Warn-Carmakers.png?fit=1200%2C800&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/06\/00-ChatGPT-Milibands-New-Net-Zero-EV-Targets-Are-Not-Credible-Warn-Carmakers.png?fit=1200%2C800&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/06\/00-ChatGPT-Milibands-New-Net-Zero-EV-Targets-Are-Not-Credible-Warn-Carmakers.png?fit=1200%2C800&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/06\/00-ChatGPT-Milibands-New-Net-Zero-EV-Targets-Are-Not-Credible-Warn-Carmakers.png?fit=1200%2C800&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/06\/00-ChatGPT-Milibands-New-Net-Zero-EV-Targets-Are-Not-Credible-Warn-Carmakers.png?fit=1200%2C800&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":430850,"url":"https:\/\/climatescience.press\/?p=430850","url_meta":{"origin":367863,"position":1},"title":"CCC Deny Reality","author":"uwe.roland.gross","date":"03\/13\/2026","format":false,"excerpt":"The Climate Change Committee (CCC) has released a new report to complement its 2025 advice on the UK\u2019s Seventh Carbon Budget.","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\/2026\/03\/Ed-Miliband-witchery-2.jpg?fit=800%2C1200&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/Ed-Miliband-witchery-2.jpg?fit=800%2C1200&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/Ed-Miliband-witchery-2.jpg?fit=800%2C1200&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/Ed-Miliband-witchery-2.jpg?fit=800%2C1200&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":402292,"url":"https:\/\/climatescience.press\/?p=402292","url_meta":{"origin":367863,"position":2},"title":"Climate Change Committee Doubles Down on Unrealistic Net Zero Costs Under New Chair","author":"uwe.roland.gross","date":"09\/15\/2025","format":false,"excerpt":"The new chair of the CCC is now complicit in the Carbon Budget deceit","rel":"","context":"In \"Claire Coutinho\"","block_context":{"text":"Claire Coutinho","link":"https:\/\/climatescience.press\/?tag=claire-coutinho"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/image-273.png?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/image-273.png?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/image-273.png?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/image-273.png?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/09\/image-273.png?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":431230,"url":"https:\/\/climatescience.press\/?p=431230","url_meta":{"origin":367863,"position":3},"title":"Guardian: Net Zero would be Less Expensive than One Persian Gulf Oil Crisis","author":"uwe.roland.gross","date":"03\/14\/2026","format":false,"excerpt":"Apparently, UK Net Zero to 2050 will only cost \u00a3100 billion (US $134 billion), or \u00a34 billion \/ year. But a lot of the money has to be spent upfront.","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\/2026\/03\/AQN3sw9dfRdHCiK5SM7LZOIoJv-e3TjaylHyjiV51K8mafFAlCdOymV1ugoIeUbyt-na90KXSR6hUdC01JUPfAEuiXK4z5c2qZUeS-e9VZG8fMIWnl1U1OB5T9bwP_uZ.jpeg?fit=1200%2C659&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/AQN3sw9dfRdHCiK5SM7LZOIoJv-e3TjaylHyjiV51K8mafFAlCdOymV1ugoIeUbyt-na90KXSR6hUdC01JUPfAEuiXK4z5c2qZUeS-e9VZG8fMIWnl1U1OB5T9bwP_uZ.jpeg?fit=1200%2C659&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/AQN3sw9dfRdHCiK5SM7LZOIoJv-e3TjaylHyjiV51K8mafFAlCdOymV1ugoIeUbyt-na90KXSR6hUdC01JUPfAEuiXK4z5c2qZUeS-e9VZG8fMIWnl1U1OB5T9bwP_uZ.jpeg?fit=1200%2C659&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/AQN3sw9dfRdHCiK5SM7LZOIoJv-e3TjaylHyjiV51K8mafFAlCdOymV1ugoIeUbyt-na90KXSR6hUdC01JUPfAEuiXK4z5c2qZUeS-e9VZG8fMIWnl1U1OB5T9bwP_uZ.jpeg?fit=1200%2C659&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2026\/03\/AQN3sw9dfRdHCiK5SM7LZOIoJv-e3TjaylHyjiV51K8mafFAlCdOymV1ugoIeUbyt-na90KXSR6hUdC01JUPfAEuiXK4z5c2qZUeS-e9VZG8fMIWnl1U1OB5T9bwP_uZ.jpeg?fit=1200%2C659&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":286339,"url":"https:\/\/climatescience.press\/?p=286339","url_meta":{"origin":367863,"position":4},"title":"Oh Noes! Window to avoid 1.5\u00b0C of warming will close before 2030 if emissions are not reduced","author":"uwe.roland.gross","date":"11\/03\/2023","format":false,"excerpt":"Climate doomers are calling for the climate boogey man. They are waiting for the doomsday. Welcome to a new story of climate warning propaganda. From Watts Up With That? From the Imperial College of London and the \u201cdoom is always just a few years away\u201d department comes this snoozer. \u2013\u2026","rel":"","context":"In \"1.5\u00b0C warming\"","block_context":{"text":"1.5\u00b0C warming","link":"https:\/\/climatescience.press\/?tag=1-5c-warming"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-2023-08-15T141942.710.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-2023-08-15T141942.710.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-2023-08-15T141942.710.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/11\/OIG-2023-08-15T141942.710.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":273226,"url":"https:\/\/climatescience.press\/?p=273226","url_meta":{"origin":367863,"position":5},"title":"The Public Still Isn\u2019t Being Told the Full, Horrifying Truth About the Net Zero Revolution","author":"uwe.roland.gross","date":"08\/13\/2023","format":false,"excerpt":"Little known to the voting public, Conservatives, Labour and Lib Dems have all signed up to legally binding five-year plans, known as \u2018carbon budgets\u2019, which stipulate a \u201cdetailed programme to re-engineer society to cut emissions by a specific amount\u201d, writes\u00a0Allister Heath in the\u00a0Telegraph.","rel":"","context":"In \"climate alarmism\"","block_context":{"text":"climate alarmism","link":"https:\/\/climatescience.press\/?tag=climate-alarmism"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/OIG-2023-08-13T120944.610.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/OIG-2023-08-13T120944.610.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/OIG-2023-08-13T120944.610.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/OIG-2023-08-13T120944.610.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/367863","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/users\/121246920"}],"replies":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=367863"}],"version-history":[{"count":4,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/367863\/revisions"}],"predecessor-version":[{"id":367871,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/posts\/367863\/revisions\/367871"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=\/wp\/v2\/media\/367869"}],"wp:attachment":[{"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=367863"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=367863"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/climatescience.press\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=367863"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}