The Cost Of Net Zero

If one thing the Iran war has brought to the front is fuel. Gas and oil prices are about to climb in price, and the public in the UK is the one who will pay for it. The UK has its own resources, and it’s possible to research for more gas fields in our seas.

We have 284 offshore fields in production currently. But the UK primarily buys most of its gas from Norway, even though we could explore for more gas fields in UK waters. With the government not immediately but maybe soon considering fuel rationing, this is the catalyst for some ministers to support gas exploration.

But then we have the environmental warrior ED Miliband wanting to cut fossil fuel use for renewable energies to gain net zero by 2050. Some ministers also want to postpone our race to net zero, which costs us an estimated £116 billion pounds per year. £116 Billion pounds a year is money that could be spent in areas that are in need, and some ministers are calling for us to put off pushing to get to net zero by 2050.

What is net zero? It is to reduce greenhouse gas emissions and/or to ensure that any ongoing emissions are balanced by removals.

The other argument is that we are paying Norway for gas from the same reserves we already have. Norway is our biggest supplier of gas, accounting for 47.1% sales to the UK. We sit on our reserves, and the UK could benefit from selling our gas.

The United Kingdom is going broke; the war has brought so much to light. Homelessness, roads, Mental Health, NHS and many other worthy causes need help with funding, which could be done if we look for more gas in the North Sea.

But people like Ed Miliband want pubs to sell warmer beer to save energy for net zero. We are going a little far with that one. Ed Miliband, the Eco warrior, is literally obsessed with net zero, just like a horse that wears blinkers to problems elsewhere that can be solved. Who suffers most from the net-zero targets? It’s the great British public that suffers and has no say on this, as our PM is all for it. Rich countries like the USA can afford to go for net zero; they have the finances, but sadly, we do not.