What Starmer could plunder from net zero’s £63bn ‘war chest’
How can Britain pay for defence? That question is bedevilling Labour.
The defence investment plan has been repeatedly delayed by wrangling over how exactly to fund the billions of pounds needed to rearm in a more dangerous world...
For most departments, the cuts being demanded amount to just 1pc of their budgets. But Ed Miliband's net zero department, with its planned capital spend of £63bn between 2025 and 2030, is seen as a far richer seam of funds for the taking.
Carbon capture, hydrogen and the Energy Secretary's multi-billion-pound heat pump installation programme could all be targeted.
Miliband has set aside £9.4bn to invest in carbon capture, most recently committing £439m of taxpayers' money to create a network of subsea waste pipes to bury CO2 under the North Sea. He hopes the pipelines will soon be pumping CO2 from factories around the Humber into permanent burial deep under the seabed.
Alternatively we have -
The Climate Scam Is Acknowledged. Americans Were Fed Lies, & Deserve To Be Compensated. – The ‘Dire Climate Scenario’ scam exposed
The Times last week produced a story headlined, “Why Scientists Retired the Dire Climate Scenario Used for Over a Decade.” The story reported that an international team of researchers has “abandoned a dire — and often criticized — high-emissions scenario known as RCP8.5 that has been prominently cited in thousands of climate studies over the past decade. The authors said the scenario was now ‘implausible’ given recent energy trends.”...
The authors of the new study are now presenting revised predictions that imagine worst-case scenarios “that could lead to similarly high estimated levels of warming later in the 22nd century (but) they’ve added a warning that these are not business-as-usual pathways.”
Read that carefully. The worst-case scenarios could lead to dangerous warming levels “later in the 22 nd century.” Not 12 years from now, as Rep. Alexandria Ocasio-Cortez (D-NY) (and others) have warned. Not 30 years from now. Not in our lifetimes or the lifetimes of most of our children or grandchildren. And even that prediction is unlikely to happen, they admit.
2 comments:
In other news Miliband is apparently refusing to give up any Net Zero money to fund defence. In a normal government he would be expected to resign, so I guess this proves, if any more proof was needed, that we currently don't have a normal government.
DJ - yes, spot on, we don't have a normal government. It's not clear why Starmer still tolerates Miliband as the light finally seems to be dawning on energy politics.
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