April 4, 2010
One of the best-kept secrets of British politics – although it is there for all to see on a Government website – is the cost of what is by far the most expensive piece of legislation ever put through Parliament. Every year between now and 2050, acccording to Ed Miliband’s Department for Energy and Climate Change (Decc), the Climate Change Act is to cost us all up to £18.3 billion – £760 for every household in the country – as we reduce our carbon emissions by 80 per cent.
Last Thursday – with northern Britain again under piles of global warming – another tranche of regulations came into force, as this measure begins to take effect. New road tax rules mean that to put a larger, more CO2 -emitting car on the road will now cost £950. New “feed-in” subsidies for small-scale “renewables” mean that the installers of solar panels will be paid up to eight times the going rate for their miserable amount of electricity to be fed into the grid, with the overall bill for this scheme estimated eventually to be billions a year.
Not the least bizarre of the Government’s strategies, however, is Decc’s new Carbon Reduction Commitment (CRC) scheme, requiring up to 30,000 of our largest energy users, such as ministries, councils, universities, hospitals, supermarket chains (and even “monasteries and nunneries”), to pay to register with the Environment Agency. Some 5,000 of them, using more than “6,000 megawatt hours” of electricity each year (equivalent to the needs of 1,250 homes), will then have to carry out a cumbersome audit of their carbon footprint, using “three different metrics”, in order to pay £12 for each ton of CO2 they emit – at a total initial cost estimated at £1.4 billion a year. This will eventually be contributed by all of us, either through taxes or, for instance, whenever we visit Tesco.
This article was posted: Sunday, April 4, 2010 at 5:50 am