Britain is Leading the World in Committing Economic Suicide
By David Craig, Daily Sceptic. (image: Freepic.com)
As our leaders bicker over how fast Britain should get to Net Zero, you’ll hear politicians, eco-zealots and media pundits claiming that Britain is leading the world in reducing our country’s CO2 emissions. This is one of the few statements about climate made by our ruling elites which does actually appear to be true. Since 1990, Britain’s CO2 emissions have almost halved from 604 million metric tons to just under 350 million tons by 2022. That equates to a drop from 10 metric tons per capita in 1990 to below five tons per capita:
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Since 1990, the year U.K. CO2 emissions started falling, the percentage of U.K. GDP from manufacturing has also halved from just over 16% to around 8%.
Moreover, during the same period, the number of people employed in U.K. manufacturing has dropped from 4,963,000 to just 2,601,000. A cynic mighty be tempted to wonder what happened to all those hundreds of thousands of highly-skilled, highly-paid green jobs that our rulers promised us would be created in Britain by the energy transition away from fossil fuels to renewables.
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Economist Richard Salsman wrote: “The science of economics is clear: the production of money and debt is not equivalent to the production of real wealth. To claim otherwise is to follow fantasy, not reality – or science.”
As we in Britain enthusiastically print money and increase national debt in pursuit of our Net Zero goals, we seem to be wrecking U.K. manufacturing with high energy prices thus committing economic suicide as U.K. manufacturing moves to countries with lower energy costs. It’s more than astonishing that not a single one of our politicians and media supposed ‘experts’ seem to understand or are willing to admit what is actually happening and how the U.K. is committing an extraordinary act of self-mutilation by cutting the country’s CO2 emissions.
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