Economists say that the net income that blames the UK's productivity crisis and makes families poorer – Wattwat?

Daily Skeptics

By Sallust

Economists say the UK's net zero agenda is making families poorer by pushing the productivity crisis and squeezing living standards.

This shocking revelation is in a story mail. Investment bank Peel Hunt commissioned a report to find out if there is a link between decarbonization and the collapse of productivity in the UK:

They found a “clear link” between declining energy capacity in the UK and weak productivity, which “sincere economic performance and growth in living standards”.

The decline in UK electricity supply began in 2006, which coincided with the beginning of structural weaknesses in productivity growth, the study added.

Economists say their analysis challenges the government's claim that there is no trade-off between net zero and economic growth.

Before winning last year's election, Labor promised to decarbonize the UK power grid by 2030 as part of accelerating net zero efforts.

Since entering Downing Street, Sir Keir Starmer has lifted it In fact Ban England's onshore wind farms and agree to a range of solar projects.

The Prime Minister called net zero a “one of the economic opportunities” of the century, while the business leader recently pointed out that the industry’s growth last year was £83 billion.

But the Conservatives said the UK's net zero target “makes us worse economically” and admitted that putting the 2050 deadline legally was a “mistake” they made while in power.

The report's abominable verdict is:

So far, the result of UK decarbonization efforts appears to be weak economic growth, high energy prices, industrialization, and no significant impact on the overall trajectory of global emissions.

If the economy promotes its energy production, it will damage its ability to produce all types of goods and services. Productivity is the main driving force for per capita GDP.

However, this is not doom and melancholy. If your 20s or 30s are in your twenties, expect something (at least when the sun is shining and the wind is blowing):

“If the government can comply with plans to build new renewable capacity, the power supply could rise dramatically,” they added.

But this is hardly the emergence of the British Federation of Industry:

The report is in stark contrast to the latest analysis by the British Federation of Industry, which shows that the UK's net zero sector has become a “powerful country in creating jobs and economic expansion”.

But as Daily suspicionChris Morrison notes that Net Zero is facing a global collapse, telegraph Net Zero is a luxury we can no longer afford, Nick Timothy said:

Only in a globalized economy can decarbonize a country (or more accurately a continent) be possible. The UK has at least reduced its carbon emissions by abandoning its household industry and importing goods. This is obviously a meaningless exercise because global emissions increase in countries with dirtier energy, environmental standards and when goods must be transported around the world.

The reality of decarbonization – as long as the policy runs faster than technology allows, and other countries do not follow our leadership – this means deindustrialization, all the consequences that follow. The country has less resilience to the shock, supply chains, and we are in a state of instability in the rest of the world.

this mailThe work is worth reading.

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