Banks will face losses of £225 billion!29 Dec 2022 09:06
Caroline Lucas is a cornucopia. Unreliable Statistics has to be filled, and the sometime leader of the Green Party filled it by herself from a single speech. In a debate on the Finance Bill, she told the House:
It is estimated that the UK will lose 10% of its GDP by 2050 if we do not tackle climate change.
BY 2025, global emissions from existing projects will be 22% too high to stay below 1.5 degrees.
If the net zero transition is delayed by a decade and global temperatures reach 1.8°, by 2050 banks will face losses of £225 billion.
Scientific reality makes it clear that fossil fuel assets are uneconomic and financially uncompetitive in a 1.5 or 2 degree world.
You have to love that “scientific reality”.
The two most unreliable computer models in existence are climate models and economic models. In climate catastrophe discourse they combine in fluid and chaotic combinations that Navier Stokes equations can’t describe.
It’s not the science that’s at fault – it’s the science activists. And then the science activist lobbyists. And then the science activist politicians. And then Caroline Lucas.
Caring for the environment is no bad thing but as the environmentalists get more vocal with unsubstantiated claims, surely peeps will turn against them.
Where was that figure of £225 billion plucked from?
Unreliable statistics, Green Party edition lol.