We are sleepwalking towards a social and economic catastrophe.
It’s official. Net Zero will make us poorer. A new report finds that the British government’s climate-change policies are likely to ‘make the poor poorer, and push struggling communities further into deprivation and exclusion’.
Our Journey to Net Zero, by the Institute for Community Studies (ICS), shows that the transition to Net Zero will cause a rise in unemployment, as carbon-intensive industries are forcibly restructured. Food will become more expensive. And the eco-friendly changes we’ll all be forced to make, such as insulating our homes or switching to electric cars, will be extremely difficult ’for low-income households’. The ICS concludes that the poorest 40 per cent of households are at risk of falling into ‘transition poverty’.