Further Reading

Saturday, 2 August 2025

Net Zero: Ed Miliband’s Ponzi scheme

The Net Zero agenda is a Ponzi scheme. Each stage is an abject failure, leading to further grandiose and costly initiatives.

The UK’s attempts to reduce hydrocarbon fuel use have led to importing energy from elsewhere, and initiatives like wind turbines and solar panels have proven virtually useless. The proposed solutions, such as capturing energy from wind turbines and solar panels using batteries, are impractical and will lead to further environmental and economic problems.

The only beneficiaries of “Net Zero” are those who set up the scheme.

I don’t know if children still learn the cumulative rhyme about the old lady who swallowed a fly. Perhaps not, as it could be seen as advocating the exploitation of animals. In case you have forgotten, it goes like this:

There was an old lady who swallowed a fly,
I don’t know why she swallowed a fly – perhaps she’ll die!


There was an old lady who swallowed a spider
That wriggled and jiggled and tickled inside her;
She swallowed the spider to catch the fly;
I don’t know why she swallowed a fly – perhaps she’ll die!

There was an old lady who swallowed a bird;
How absurd to swallow a bird!
She swallowed the bird to catch the spider…


And on it goes until, in pursuit of the last animal she swallowed, she swallows a cat, a dog, a goat, a cow and a horse. And dies.

I don’t know if our teachers realised, but they were teaching us about a Ponzi scheme where nothing of real value is independently generated, ending in a zero-sum game for investors and profiting only those who set up the scheme.

A similar thing is happening with the Net Zero agenda. Each stage in the agenda is an abject failure; therefore, further and more grandiose stages must be dreamed up with the promise of success. Eventually, people must see through this for the con that it is. But probably too late. We’ll have spent all our money on useless initiatives, our country will be in energy deficit, and our industry – what is left of it – will collapse in the wake of spiralling costs.

It all starts with the maniacal obsession with carbon dioxide emissions and the false belief that this leads to global warming, global warming leads to polar ice caps melting, rising seas and rising temperatures, old folks die, deserts are created and we must all carry an extra water bottle and stay indoors. Sounds terrifying but, as the film ‘Climate: The Movie’ shows, this is all palpable nonsense. Global warming precedes rising carbon dioxide, and carbon dioxide – needed by plants for growth – is good for the planet.

Enter the Net Zero obsession which preoccupies so much parliamentary time and leads to so many international COP forums. In fact, the problem of global emissions is so serious that all the attendees, just as they do at Davos, must bring their own private jets with them....<<<Read More>>>...