We like this new post on the Eigen Values substack. How NetZero policies damage growth.
High energy prices and broader net zero policies act as a brake on the economy in general and lead to slow growth or outright shrinkage of energy intensive industries and oil and gas production. This is damaging productivity, investment, energy security and wider economic security.
To turn things around we must focus on the fifth E: cheap energy means faster growth. Domestically produced gas will have a smaller carbon footprint than imported LNG. If the Chancellor is serious about growth, he must lift the ban on fracking and speed up exploration and development in the North Sea by ending the windfall tax on oil companies.
https://open.substack.com/pub/davidturver/p/net-zero-policies-damage-growth
NetZero policies damage growth