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The Cost of Green Dreams

British business faces a £370 billion bill by 2020 to meet the cost of fighting climate change, according to estimates to be published ahead of December’s Copenhagen climate-change summit.
The amount would mainly cover the cost of building renewable-energy capacity, smart grids and high-speed rail links. About £40 billion would finance upgrades to Britain’s water distribution and treatment networks.
This is only part of the picture, said the report’s author, Andrew Raingold of Aldersgate Group, a coalition of business and environmental groups.
“These are conservative estimates and don’t include the costs attached to deploying low-carbon vehicles and supporting infrastructure such as charging stations. This could add another few billion to businesses’ total liability,” he said. “Businesses will end up footing the vast majority of the costs of combating climate change because the Treasury doesn’t have the money.”
Governments and many experts argue that the economic impact of a warmer climate and the costs industry will bear if the carbon price increases will be much greater if businesses do nothing. “There is actually a big opportunity to make money if we don’t drag our feet,” said Sir Brian Hoskins of the Committee on Climate Change, the government ’s green watchdog.

Has anyone got his number as I've got a bridge I think he might like to buy....

Comments

Seems like the Brits have the same problems as their friends across the pond. Being run by idiots must be a Global thing. The average worker does not think Green when the economy has tanked and the future looks bleak.

“There is actually a big opportunity to make money if we don’t drag our feet,” said Sir Brian Hoskins of the Committee on Climate Change, the government ’s green watchdog. He should know, he and his cronies are doing just that.

Professor Sir Brian Hoskins, CBE, FRS is the Director of the Grantham Institute for Climate Change at Imperial College, London

Committed to ensuring that climate research is used to advise governments and influence policy, Sir Brian was a member of the Royal Commission that first proposed a 60% target for reduction of UK carbon dioxide emissions by 2050. He also acted as a scientific advisor to the Stern Review, credited with pushing the issue of climate change to the centre of the political agenda in the UK, and was a member of the IPCC assessment team recently awarded the Nobel Prize.

Grantham Institute at Imperial is the sister unit to the one run by Lord Stern at LSE, both set up and funded by US hedge fund billionaire Jeremy Grantham, with WWF and Environmental Defense on the management board. Effectively Hoskins is being paid by Grantham, he is on the IPCC and Climate Change Committee and influencing UK policy. Vested interest or what.

Stern at LSE also works for a group selling carbon legislation advice to global companies, the group MD is also on the Climate Change Committee and a Senior Research Associate at LSE Grantham with Stern. If this isn't corrupt I don't know what is.

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