Conservatively it looks like his Climate Act of 2008, with its targets for
carbon emission cuts, will cost us # 300 billion by 2030 in subsidies to renewable energy, in the cost of connecting wind farms to the grid, in VAT, in costs of insulation and new domestic appliances, and in the effect of all this
on prices of goods in the
shops.
Setting a threshold insures that mom - and - pop
shops do not pay the
carbon price and that auditors only need to check up
on a relatively small number of big businesses.