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.