Leading Economist: ‘Net Zero Means Higher Interest Rates’
Until recently, the economics profession has been strangely silent on the downsides of climate policy
UK Prime Minister Rishi Sunak addresses participants at the Munich Security Conference in Munich, Germany, on Feb. 18, 2023. Ben Stansall/WPA-Pool/Getty Images
Politicians and climate activists portray net-zero climate policies as a win-win: good for the planet, good for the economy. A recent example is “Mission Zero,” a supposedly independent review of the UK’s net-zero target led by the former minister who signed net zero into law.
