Mike's Minute: Net Zero is toast and we should recognise that

Welcome back Tony Blair. 

A new report he is a part of sees him joining the growing list who argue that Net Zero is doomed. 

Net Zero will be doomed whether we do anything about it. No one is going to jail if they don’t reach Net Zero. 

It's just that we can avoid a lot of needless damage along the way by recognising it early and bailing, so our economies can be put back on some sort of level footing. 

Ironically, there is growing anger in Spain over this week's power blackout, with a lot of people blaming the renewable aspect of their supply chain. Spain is over 50% renewable, which is high for Europe. 

The people's argument being the higher the reliance on renewables the more fragile your grid is. 

Back here farmers are furious, once again, over the new settings for the ETS. We have gone from 50% to 51% reductions, only because Paris says each year you need to adjust up. 

So they adjusted the least they could. But they still acquiesced to what was signed up years ago when Net Zero was a bullish theory, not an economy sapping reality. 

The Climate Change Commission the other day put new targets for credits and pricing on the carbon auctions. They were completely different to last years, in a "we make it up because we don’t know what's going on" kind of way. 

We have stumbled and bumbled our way through all of this, hurting our living standards. And to what end? 

Emissions are in fact down for New Zealand. Yay us. 

Is the world any better? No. 

Which is why Blair joins Kemi Badenoch in calling it all out. The Reform Party are booming, in no small part because they have called it all nonsense. 

So between Blair, Farage and Badenoch that’s a lot of cross-political support to tip up an increasingly obvious dead-end idea. 

Like 'Me Too' and the cancel culture and all the other bandwagons that got fashionable, Net Zero is destined for the same end. 

Not that helping the planet isn't good or laudable. But what we didn’t understand then, but clearly do now, is at what price? 

And are we prepared to pay it? 

Given the answer is no, a few more Blair, Badenoch, Farage-type voices here wouldn’t go amiss. 

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