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’.
As shocking as this statistic is, the report is no rant. A team of researchers from ICS, Trinity College Dublin, and the universities of Leeds and York have thoroughly reviewed the policy changes and instruments – subsidies, taxation and so on – most likely to prove effective in reducing emissions of CO2. And they have concluded that these Net Zero measures will push down living standards for a lot of people in the UK.
Hellbound and Down 
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