A new report has claimed that taxes generated by the global warming hoax will cost taxpayers at least £16 billion per year by 2020.
The Policy Exchange report said that given current legislation, householders will pay £4.3 billion in taxes on their energy bills by 2014, up from the £2 billion this year.
The report said this figure is projected to increase to £6.4 billion by 2020. Business will also be taxed, with their energy tax bill rising from £3.7 billion to £9.9 billion by 2020.
This in turn will cause an increase in consumer inflation which will cause a general price rise.
Even more disturbingly, the report pointed out that the taxes’ purpose (the promotion of carbon emissions and promote renewable energy sources) are a complete failure.
The think tank says that increased taxes do not cut global warming because they force householders to resort to other methods of producing power, such as solar panels.
These other methods in turn generate “carbon emissions” through their manufacture and distribution, thus negating the point of the tax in the first place.
* Meanwhile, a separate report has revealed that 70 percent of wind farms built in England only operate at 25 percent capacity because they have apparently been placed in areas where there is not enough wind.
According to the report, the worst performing wind farm is in Blyth Harbour in Northumberland, where windmills operate at 4.9 percent of capacity.
Under the Renewable Obligation scheme, British energy consumers are forced to pay for such schemes in the extra tax they pay on their energy bills.
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