Net Zero Will Pose Massive Risks For Global Economy
March 22, 2025
By Paul Homewood
Meanwhile the Earth Edition of the Telegraph discusses some of the real risks associated with the mad rush to Net Zero.
Associate Political Editor, Tony Diver, uncovers the government’s own report into Net Zero, which it tried to bury:
Labour’s net zero drive risks taking Britain back to the 1970s and could have the same effect as an “oil price shock” on the economy, leaked documents reveal.
A report by the Department for Business and Trade (DBT) found that the transition to net zero by 2050 could have a significant impact on growth and could spur inflation.
Officials warned that green policies “could act like a supply side shock, with some similarities to a standard oil price shock”, like the global financial crisis caused by the 1973 oil embargo imposed by Arab states on Israel during the Yom Kippur War.
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