UK Costs of going green underestimated

To meet government imposed emissions reduction targets, household utility bills in the United Kingdom are forecast to skyrocket by a factor of four by the end of the decade and, by 2020, many industries dependent on energy may be wiped out, according to a Mail Online article.

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A massive rethink on the cost of ‘green energy’ is taking place in Whitehall among senior regulators and industry, leading some to question whether the public will be prepared to pay increasingly high bills for the UK to become greener than most countries.

Officials at regulator Ofgem now privately admit that a report they issued only last year severely underestimates the cost of cutting carbon emissions by building a new energy infrastructure for the UK.

Read more: www.dailymail.co.uk

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