Quote of the week

Guy Newey writes in The Spectator from the UK about renewable costs going to double because of European targets:

Reducing carbon emissions is going to cost money. Politicians should stop pretending it is going to be cheap. They should also stop pretending they can control global energy prices or predict the future cost of gas. The only credible pitch to voters should be that they are going to keep the cost of decarbonisation as low as possible, and that they are going to do everything to protect the poorest from price rises. Scrapping measures to make our homes less draughty, while continuing to waste money on renewable energy fails that credibility test.

2 thoughts on “Quote of the week

  1. Is that the entire article?

    If so, re his final sentence, I am afraid that the UK government is not listening to him. In a bid to lower energy prices, this week the UK government will take an axe to the only nationwide residential energy efficiency programme. Thus reducing the best means of lowering energy prices.

    Economics of the madhouse?

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