The remarkable net zero political consensus – and why it’s wrong

The political consensus about how the UK will achieve net zero by 2035 is remarkable, centred as it on the assumption that consumer bills must not go up and that instead we will need to borrow from the private sector – from foreigners and future generations. This is built on the further premise that it will all be cheap, and that renewables are a lot cheaper than fossil fuels. But just because it is a consensus does not mean that it is right. The fundamental reality is that we are living beyond our sustainable means, and if we continue to do so, then we will reap the consequences. As set out in my new book, Legacy: How to Build the Sustainable Economy ( https://shorturl.at/fTW57 ) we need to understand what the sustainable economy actually looks like. It doesn’t mean no economic growth (information technology and genetics will play a big part in that growth), but it will not be achieved by simply thinking that it will come from building more houses and wind turbines. We need to undertake the capital maintenance and look after our existing assets. The political consensus will not deliver the fundamental transition needed to address climate change. Listen to my podcast to understand the consequences of what will happen if we continue along the current path of selfish living beyond our means…