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Stern - tax us to make us happier

Enough green talk. Now make it happen | Nicholas Stern - Times Online

The Government should make clear that consumers and taxpayers will pay higher prices and taxes in the coming decade, particularly for energy, flying and driving. All political parties must be honest about it. The Government cannot shirk the costs of action and the Opposition cannot point-score by attacking or denying the extra costs and prices that are involved.

The cost of these steps towards a low-carbon economy will not be small. .. We should probably be allowing for up to £20 billion per year, perhaps more, split between direct price increases and public expenditure during the next few years, which should be a period of intensive investment in making the transition to a low-carbon economy. If half of this comes from public expenditure it would represent about 0.7 per cent of current UK GDP, or 1.5 per cent of public expenditure. These significant sums are manageable. The medium-term fiscal strategy, which will inevitably be tough, must make allowance for these costs.

These investments will have strong returns beyond the radical reduction in climate risks. They will also create the engine of growth of the next few decades: low-carbon technology. The potential markets for electric cars, wind and solar power generation and improved public transport, for example, could be very large....And a low-carbon economy will be very attractive: cleaner, quieter, more energy-secure and more biodiverse.

More taxes on profitable business to build unprofitable pipedreams will make us all richer? That's the point of "investment" isn't it? No sorry, make some of us much richer. I get it now.

Comments

Its all hot air. No amount of windmills will replace the conventional power stations that will close in 6 years time as the EU says they are too polluting. We will be back to the three day week before we know it.

As Stern has noted it takes 10 years to build a nuclear power station. Most of ours will be shut before the new ones are given the go ahead (if the ever are). Those that can should stock up on anything that burns and that can be stored. My old primus stoves should come in handy. I will stock up on paraffin and petrol so we have something to cook on. I still have candles purchasd in France from the 1970's!

Its all hot air. No amount of windmills will replace the conventional power stations that will close in 6 years time as the EU says they are too polluting. We will be back to the three day week before we know it.

As Stern has noted it takes 10 years to build a nuclear power station. Most of ours will be shut before the new ones are given the go ahead (if the ever are). Those that can should stock up on anything that burns and that can be stored. My old primus stoves should come in handy. I will stock up on paraffin and petrol so we have something to cook on. I still have candles purchasd in France from the 1970's!

Its all hot air. No amount of windmills will replace the conventional power stations that will close in 6 years time as the EU says they are too polluting. We will be back to the three day week before we know it.

As Stern has noted it takes 10 years to build a nuclear power station. Most of ours will be shut before the new ones are given the go ahead (if the ever are). Those that can should stock up on anything that burns and that can be stored. My old primus stoves should come in handy. I will stock up on paraffin and petrol so we have something to cook on. I still have candles purchasd in France from the 1970's!

At least he admits we'll be paying more. Our politicians in the US, admittedly going by well-established precedent, think individual taxpayers will believe that when they tax "greedy" companies and do not increase individual Income Tax rates it means we will not lose money on the deal. Oh, and we must not notice that while they promise not to take a bigger chunk of our paycheck directly, they will increase every other tax. And add new ones: Our State of Nevada is even looking to add a tax on sex (OK, prostitution, which is legal in most areas [but not Las Vegas])!

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