{"id":368808,"date":"2025-03-05T18:02:48","date_gmt":"2025-03-05T17:02:48","guid":{"rendered":"https:\/\/climatescience.press\/?p=368808"},"modified":"2025-03-05T18:02:50","modified_gmt":"2025-03-05T17:02:50","slug":"net-zero-to-blame-for-uks-productivity-crisis-and-making-families-poorer-say-economists","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=368808","title":{"rendered":"Net Zero to Blame for UK\u2019s Productivity Crisis and Making Families Poorer, Say Economists"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

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

From The Daily Sceptic<\/a><\/p>\n\n\n\n

By\u00a0Sallust<\/a><\/p>\n\n\n\n

The UK\u2019s Net Zero agenda is making families poorer by driving the productivity crisis and squeezing living standards, economists have said.<\/p>\n\n\n\n

This shocking revelation features in a story in the Mail<\/em><\/a>. Investment bank Peel Hunt commissioned a report in order to find out if there was a link between decarbonisation and Britain\u2019s collapsing productivity:<\/p>\n\n\n\n

\n

They found a \u201cclear link\u201d between falling energy capacity and weak productivity in the UK, which has \u201churt economic performance and growth in living standards\u201d.<\/p>\n\n\n\n

A decline in UK electricity supply, which began in 2006, coincided with the start of structural weakness in productivity growth, the research added.<\/p>\n\n\n\n

The economists said their analysis challenges the Government\u2019s claim that there is no trade-off between Net Zero and economic growth.<\/p>\n\n\n\n

Prior to winning last year\u2019s General Election, Labour pledged to decarbonise the UK\u2019s electricity grid by 2030 as part of accelerating Net Zero efforts.<\/p>\n\n\n\n

Since entering Downing Street, Sir Keir Starmer has lifted a de facto <\/em>ban on onshore wind farms in England and given consent for a slew of solar projects.<\/p>\n\n\n\n

The PM has hailed Net Zero as \u201cone of the economic opportunities\u201d of this century, while business chiefs recently pointed to an \u00a383 billion boost from the sector last year.<\/p>\n\n\n\n

But the Tories have said the UK\u2019s Net Zero target \u201cleaves us economically worse off\u201d and admitted putting the 2050 deadline into law was among \u201cmistakes\u201d they made when in power.<\/p>\n<\/blockquote>\n\n\n\n

The report\u2019s damning verdict was:<\/p>\n\n\n\n

\n

The result of the UK\u2019s decarbonisation efforts, so far, appears to be weak economic growth, high energy prices, de-industrialisation and no significant impact on the overall trajectory of global emissions.<\/p>\n\n\n\n

If an economy throttles its production of energy, it impairs its capacity to produce all types of goods and services. Productivity is the major driver of per capita GDP.<\/p>\n<\/blockquote>\n\n\n\n

It\u2019s not all doom and gloom though. If you\u2019re in your 20s or 30s there\u2019s something to look forward to (at least while the sun is shining and the wind is blowing):<\/p>\n\n\n\n

\n

\u201cIf the Government can stay on track with plans to build new renewable capacities, electricity supplies can rise sharply,\u201d they added \u2013 although they warned new technology such as Artificial Intelligence would ramp up energy demands.<\/p>\n<\/blockquote>\n\n\n\n

But that\u2019s hardly what the Confederation of British Industry came out with:<\/p>\n\n\n\n

\n

The report contrasts with a recent analysis by the Confederation of British Industry that suggested the Net Zero sector in the UK has become a \u201cpowerhouse of job creation and economic expansion\u201d.<\/p>\n<\/blockquote>\n\n\n\n

But as the Daily Sceptic<\/em>\u2019s Chris Morrison points out, Net Zero is facing global collapse<\/a>, while in the Telegraph <\/em>Nick Timothy says Net Zero is a luxury we can no longer afford<\/a>:<\/p>\n\n\n\n

\n

Decarbonisation in one country \u2013 or more accurately one continent \u2013 is only possible in a globalised economy. Britain has managed to reduce its carbon emissions at least in significant part by shedding its domestic industries and importing goods instead. This is obviously a pointless exercise, as global emissions increase when goods are manufactured in countries with dirtier energy sources and poorer environmental standards, and when the goods must be transported around the world.<\/p>\n\n\n\n

The reality of decarbonisation \u2013 that as long as the policy runs faster than technology allows, and other countries do not follow our lead \u2013 is that it means deindustrialisation, with all the consequences that follow. The country is less resilient to shocks, supply chains are stretched and we are exposed to instability in other parts of the world.<\/p>\n<\/blockquote>\n\n\n\n

The Mail<\/em>\u2018s piece is worth reading in full<\/a>.<\/p>\n\n\n\n

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

The UK\u2019s Net Zero agenda is making families poorer by driving the productivity crisis and squeezing living standards, economists have said.<\/p>\n","protected":false},"author":121246920,"featured_media":368811,"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":[691819180,691819630,691820048,691820075,691818154,691833657],"class_list":["post-368808","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-energy-costs","tag-energy-crisis","tag-keir-starmer","tag-labour","tag-net-zero","tag-productivity","fallback-thumbnail"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/03\/0-Ed-Miliband-sings-and-plays-guitar-while-promoting-wind-farms.jpg?fit=1280%2C720&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1xWw","jetpack-related-posts":[{"id":259041,"url":"https:\/\/climatescience.press\/?p=259041","url_meta":{"origin":368808,"position":0},"title":"The EU\u00b4s Net Zero obsession will make Europe poorer, colder and darker.","author":"uwe.roland.gross","date":"05\/25\/2023","format":false,"excerpt":"Earlier this month, European Commission president Ursula von der Leyen hailed the \u2018amazing progress\u2019 being made by the EU\u2019s Green Deal legislation. 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He praised Mariana Mazzucato (UCL professor, often called the \"godmother of missions\") for shaping Labour's approach. 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Its premise (the \u201cclimate crisis\u201d) is without foundation, and worse, UK Net Zero would not answer any crisis without substantial buy-in from a large proportion of the world\u2019s countries, which only the\u2026","rel":"","context":"In \"Climate Crisis Hoax\"","block_context":{"text":"Climate Crisis Hoax","link":"https:\/\/climatescience.press\/?tag=climate-crisis-hoax"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-173.png?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-173.png?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-173.png?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-173.png?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2023\/08\/image-173.png?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":422489,"url":"https:\/\/climatescience.press\/?p=422489","url_meta":{"origin":368808,"position":5},"title":"The UK\u2019s Electricity Crisis is Not Caused by \u201cPoor Market and System Design\u201d. 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