Daily Mail
"Mr Yeo has moved an extraordinary amendment to the Energy Bill that would set a crippling and binding target for the amount of carbon dioxide emitted by generating power in 2030. It would transform the electricity industry and bring huge benefits to the business sector, which has so generously rewarded Mr Yeo.
For the rest of us, however, the effects will be very different. It will cause already high energy bills to soar further and could lead to more power cuts. The effect on business is likely to be even more dramatic.
Yet despite the considerable drawbacks, the amendment is likely to be passed into law. Following intense campaigning by an alliance of dozens of green pressure groups and renewable-energy firms, the move has won the support of Labour, many backbench Liberal Democrats and some Tories, which may be enough to push it through Parliament.
‘Even without the amendment, the long-term consequences of the Bill will be horrible,’ said Professor Gordon Hughes of Edinburgh University, one of Britain’s leading experts on energy economics. He issued a strong warning the ‘surreal’ amendment could spell the end of British industry. ‘It’s a recipe for deindustrialisation,’ he said.
Prof Hughes thinks the choice is stark: ‘Either we get rid of this obsession, or we give away our future to the rest of the world. The question is whether we’re serious about our economic future or not.’
Britain produces only two per cent of the world’s CO2, making any efforts to reduce it a drop in the ocean on the global scale.
Is that worth sacrificing our economic base for? Prof Hughes thinks not. ‘All we’d be doing is exporting our emissions anyway,’ he said. ‘Along with our industry.’ ......EXPLODING THE MYTHS ABOUT CLIMATE CHANGE....ED:read on...
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