New Emissions Target To Cost £57 Trillion

October 31, 2008 11:55 AM

Stone_age Earlier in the week we published The Case Against an 80 per cent Mandatory Target for Emissions Cuts. Our analysis found that it will likely mean a huge sacrifice in GDP, and that on current trends by 2050 GDP will be 78% lower than otherwise.


Over on Burning Our Money, Wat Tyler has taken our analysis and translated it into money terms. He calculates that by 2050 the total sacrifice will be £57 trillion: a staggering £2.2m per UK household.


He wants to take out his share now. In cash. So he can prepare for life back in the Stone Age.

Stone_age Earlier in the week we published The Case Against an 80 per cent Mandatory Target for Emissions Cuts. Our analysis found that it will likely mean a huge sacrifice in GDP, and that on current trends by 2050 GDP will be 78% lower than otherwise.


Over on Burning Our Money, Wat Tyler has taken our analysis and translated it into money terms. He calculates that by 2050 the total sacrifice will be £57 trillion: a staggering £2.2m per UK household.


He wants to take out his share now. In cash. So he can prepare for life back in the Stone Age.

Latest Blogs:

TaxPayers' Alliance Icon

What does Carillion really mean for taxpayers?

4:18 PM 17, Jan 2018 Jan Zeber

TaxPayers' Alliance Icon

The dream of home ownership

1:58 PM 20, Nov 2017 Ben Ramanauskas

TaxPayers' Alliance Icon

The REAL impact of beer duty

3:14 PM 14, Nov 2017 Ben Ramanauskas

TaxPayers' Alliance Icon

Paradise Papers

1:44 PM 06, Nov 2017 Duncan Simpson