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The Staggering Cost of Ed Miliband’s Net Zero Drive Finally Revealed: £4.5 Trillion… That’s More Than the UK’s Entire GDP

7 months ago 114

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New official figures suggest Ed Miliband’s Net Zero push could cost an eye-popping £4.5 trillion – more than the UK’s entire GDP – with households left to foot the bill. The Mail has more.

Critics said the extraordinary mounting costs for measures such as wind farms, solar panels, green heating systems and upgrades to roads and railways are significantly higher than previous forecasts and could “bankrupt” the economy.

The figures, quietly published last month by the National Energy System Operator (NESO) – a Government quango responsible for Britain’s energy systems – includes an estimated £585 billion to be forked out by ordinary households to pay for the move away from energy-guzzling boilers towards eco-friendly heat pumps.

And new wind farms and electricity pylons across the country would cost £1 trillion, it estimates, while switching to electric vehicles and building more charging stations could add further costs of up to £2.6 trillion.

Read more: The Staggering Cost of Ed Miliband’s Net Zero Drive Finally Revealed: £4.5 Trillion… That’s More Than the UK’s Entire GDP

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