All the major parties are signed up to transforming Britain into a green, low-carbon economy to boost growth, as well as to combat climate change.
It\’s this \”boosting growth\” bit.
OK, in the depths of a recession I\’ll concede that putting manpower to work on something useful will increase growth.
But as a general rule going over here to do this doesn\’t boost growth. Because by doing so you\’re taking resources from over there which were going to be used, could be used, to do that.
Only if this produces more growth than that can it be said that you\’ve produced more growth. And that depends upon the relative efficiency with which you\’re using those resources.
Given that just about every green plan is less efficient than non green plans (they cost more so they must be*) going green is actually a way of reducing economic growth, not increasing it.
*Yes, I know, externalities. But we don\’t include them when we\’re measuring economic growth, do we? Even if we ought to, we don\’t.