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.

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