THREAD: How the Sun screwed up its "smoking gun" story on net-zero study
The Sun: "As much as 10% wld be wiped off economic growth by end of decade"
Source: "At no point does this study suggest there will be a drop in UK GDP. It talks abt a 10% transfer…within GDP"
Oops!
1/10
The Sun: "As much as 10% wld be wiped off economic growth by end of decade"
Source: "At no point does this study suggest there will be a drop in UK GDP. It talks abt a 10% transfer…within GDP"
Oops!
1/10
Comments
Factcheck: It's tough but "feasible"
More factchecks on her speech here:
https://www.carbonbrief.org/factcheck-why-conservative-leader-kemi-badenoch-is-wrong-about-uks-net-zero-goal/
2/10
It just happens to have come to light this week 🤔
No doubt entirely by coincidence, secretary of state in Nov 23 was…Kemi Badenoch
3/10
Ever-excitable hack Harry Cole calls it a "smoking gun"
In reality, I'm told, it's just a summary of public material 🤔🤔
Source: "[It] is a summary of existing studies. It is not govt policy or research."
4/10
Because they’ve confused a 10% shift from one bit of GDP to another, with a 10% GDP cut
Armchair economists will immediately spot what a howler this is, from the (highly partial) quote in the Sun story (see pic)
5/10
“GDP is defined by the following formula: GDP = Consumption + Investment + Government Spending + Net Exports”
Can you spot the problem, Harry?
GDP is not just consumption…
6/10
So what does the study ACTUALLY say? (pic)
(NB I found this on Google. It was published in 2021.)
7/10
https://ourworldindata.org/grapher/co2-mitigation-15c?time=2004..2079&facet=entity
But climate campaigners have warned re this for years!
AND UK doesnt have ANY coal power stations to be stranded & Labour ban on new N Sea O & G, means protection from those becoming stranded also!!