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.

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Net Zero Ponzi Scheme

By Roger Watson, as published by The New Conservative

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.

In the name of Net Zero, we have largely, in the UK, stopped using fossil fuels in our power stations. Or so most people think. In fact, as Ross Clark shows in Not Zero, we are actually burning wood which is more emission-generating than coal. But this does not count as a carbon emission by us, as the wood is imported. Clever!

This is the first step in the Ponzi scheme: reduce the use of fossil fuels, but since we have blown up all but a few of our large power stations, we must import energy from elsewhere. So, we festoon the countryside with ghastly wind turbines and convert arable farmland into square miles of solar panels. Both initiatives have proved virtually useless as we often don’t have enough wind and, despite the warnings about global warming, we never have enough sun.

This is easily verified by checking the UK Energy Dashboard.  For example, when I checked it on 29 July, the largest slice of our energy pie was from gas – a fossil fuel. It was a dull, windless day. The next biggest slice was imported energy – not even our own – and we import from France, which sensibly uses nuclear power, and the Netherlands, where the dirty buggers still use coal.

This glaring problem with our feeble attempts to generate our own “clean” energy (never mind that the solar panels and wind turbines are both made in China using coal-generated energy) has prompted the Bacon Sarnie maestro himself, marvellous Ed Miliband to announce his determination to capture the energy from wind turbines on windy days and solar panels on sunny days using batteries – Step 2 of the Ponzi scheme.

He probably doesn’t realise that nobody has managed to achieve this so far. How large does Ed think these batteries will have to be, where will they be situated and what will they be made of? Well, the answers are: they will be enormous, nobody has a clue and from rare earth metals. These last items are mined out of the earth by the bare hands of kids in parts of the third world leading to massive pollution of water courses.

The batteries won’t last forever so they will have to be disposed of, along with their dangerous rare earth metals. Forget retrieving the rare earth metals, nobody has done that efficiently yet and it would probably be cheaper to send some kids from Indonesia out to the mountains with a bucket to fetch some more – Step 3 of the Ponzi scheme.

Ed will have to “invest” – code for spend our money – in safe storage facilities and so the scheme goes on until, instead of a bacon sarnie, he swallows a metaphorical horse with the inevitable result. We end up with no energy and no money.

Meantime, the spinoffs are all aimed at making life more miserable for us. We should all have heat pumps fitted, which are not only as useless as everything else in the Ponzi scheme but are also noisy. Ask Mrs. Miliband who was out protesting about them. Bit embarrassing for Ed, don’t you think? In the process, our energy bills are growing and, it seems, we are just paying more for our own misery.

At least we can get away on holiday to some warmer and more pleasant part of the world for a few weeks. Or we could. The latest insane proposal is for a carbon passport which, based on the flights you take, will tot up your carbon emissions and, past a certain limit, you will enter your own personal no-fly zone. Has anyone thought this through? What if a family of four want to take a flight to the Bahamas and Dad, who travels for his work, has reached his carbon limit? Will the other three be able to go and leave Dad behind?

You can bet your last carbon credit that carbon passports will not apply to the likes of Ed Miliband, David Jet Star Lammy or any of the COP or Davos devotees. But don’t worry – it’s all for the planet. Just not for the people living on it.

[Related: UK researcher teams up with Australian tour operator to spread a rumour that “the UK” is considering Carbon Passports]

About the Author

Roger Watson is a retired academic, editor and writer. He is a columnist with Unity News Network and writes regularly for a range of conservative journals, including The Salisbury Review and The European Conservative. He has travelled and worked extensively in the Far East and the Middle East. He lives in Kingston upon Hull, UK.

Featured image: Work on huge UK offshore wind farm is halted as firm warns costs are too high – in body blow to Ed Miliband’s Net Zero drive, Daily Mail, 7 May 2025

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