Scandal erupts over UK green energy subsidy
Cost to taxpayer £1 billion – no improvement in climate
A botched green energy scheme that has ignited a political crisis is on course to cost taxpayers more than £1 billion. The Treasury faces the bill after a massive overspend on subsidies encouraging farmers and businesses in Northern Ireland to run eco-friendly power schemes. The Renewable Heat Incentive (RHI) was supposed to cost £25 million in its first five years but the bill is likely to reach £1.15 billion over 20 years.
That’s nearly nine times more than intended.
“So this is what sustainable means, dad?”
“Yes, my lad. It could go on for years—so I’ll sign up first thing tomorrow.”
If you sign up to the green carbon madness,
What does the government give you for running a ‘biomass’ boiler on forest ‘waste’ all year for 20 years?
In the UK you would get £192,000. So each year you would pick up £9600 (€11,290) or $NZ17,024. Not bad. New car, school fees, club membership.
But in Northern Ireland, courtesy of Arlene Foster, the minister responsible when the scheme was set up in 2012, it’s 4.5 times higher. You could get £860,000, or £43,000 (€50,582) ($NZ76,238) every year.
Heat an empty shed or a couple of empty factories. A handsome living—but you could hold down a real job at the same time; who’d be a taxpayer when your leaders are lunatics?