Hall of Fame Member
- Oct 9, 2004
The King has given up the chance to benefit from a £1billion-a-year windfall from a major expansion of green energy for the "wider public good."He has asked the Government to change the way the monarchy is funded to ensure that the extra revenue from six new offshore wind farm projects, which could bring him an extra £250million annually and almost quadruple his current income from the taxpayer, is used for the nation’s benefit instead.
Royal sources stressed that the King, as he made clear in his Christmas broadcast, was mindful of the cost-of-living crisis facing the country in making the move.
The new wind farm projects agreed upon today, three in the North Sea off the Yorkshire and Lincolnshire coast and three off North Wales, Cumbria, and Lancashire, will provide a major boost to Britain’s efforts to reach net zero greenhouse gas emissions by 2050.