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   Flick ?? (flick@spinster.xyz)'s status on Friday, 21-Mar-2025 21:36:06 JST Flick ??

   https://www.spectator.co.uk/article/ed-milibands-net-zero-rush-is-dooming-britains-economy/

   The Macroeconomic Impacts of the Net Zero Transition, prepared by the Economic and Strategic Analysis team at the Department for Business and Trade in November 2023, warns that net zero targets could provoke an economic shock on the scale of the 1973 oil crisis, which led to global recession and a decade of high inflation. A rapid transition, it forecasts, could take 10 per cent off UK GDP by 2030. It goes on to warn ministers that an abrupt transition ‘creates the potential risk of destabilising the financial system’, thanks to industrial plants and other assets being forcibly retired before their time. ‘The overall impact of the transition to net zero on public finances is likely to be negative,’ it states – coming on a day with yet another dire set of figures on public borrowing.

   https://archive.ph/AnzjT