How Green Policies Hurt the Poor
Anything that makes energy more expensive is bad for the poor.
“In the last five years, it has become 63 percent more expensive to heat a home in the United Kingdom. At the same time, real wages have declined.
- More and more households (17 percent) are being forced to spend more than 10 percent of their income simply on energy, earning the designation “energy poor.” Elderly households are especially affected by this — 25 percent of all households whose inhabitants are over the age of 60 fall into this category.
- The situation in Germany is even worse. German households have seen an 80 percent increase in electricity prices since 2000, and nearly 7 million households are considered “energy poor.””