November 29

Labour Has Let Slip The True Cost Of Net Zero—It’s Staggering

0  comments

Labour

Labour is admitting net-zero will force drastic life changes as UK’s green push hikes costs, guts industry, and exposes delusions of cheap, secure renewables.

Ed Miliband energy sec

Les jeux sont faits, Ed Miliband. The chips are down, the game is up. We knew Labour was no closer to solving the energy trilemma than scientists are to explaining dark matter. [emphasis, links added]

That, for now, we cannot have net-zero emissions, security of supply, and affordability. We knew that using public money to import gas to manufacture CO2 was less a display of moral leadership on climate change than brazen hypocrisy.

Perhaps most importantly, we knew that the pursuit of net-zero policies, regardless of cost, would impact our lives in ways the gentleman in Whitehall could not possibly foresee.

It already has, as anyone who has driven into a clean-air zone can attest.

Yet the ruling class insisted on living in some alternate reality where there were no trade-offs; just cheap, abundant, secure renewables.

So we should thank Bill Esterson, Labour chair of the Commons Energy Security and Net Zero Committee, for letting the cat out of the bag.

“We will all have to change our lives” if we are to decarbonize the grid by 2030, he has just admitted.

Keir Starmer is offering no such candor; at COP29, the climate jamboree many world leaders had the good sense to snub, the Prime Minister not only set us another target (an 81 percent reduction in emissions by 2035) but peddled the line that he “won’t be telling people how to behave”.

This will surely only be true in the most literal sense. Impose congestion charges in British cities, and people might be forced to travel by other means, or not at all.

Foist mandates on car manufacturers to sell a certain number of EVs on penalty of hefty fines, and they may be forced to cut sales of petrol vehicles, pushing prices up and consumers out.

Introduce green levies on energy bills – they now make up 16 percent of electricity bills – and households will have to cut spending elsewhere.

Did the Government “tell” us to change our behavior? No, it just left us with no alternative.

And we are only in the foothills of the transition. Yes, the UK last year became the first country to halve its emissions since 1990 – a milestone about which the eco-zealots remained surprisingly quiet.

But this was achieved by accelerating existing trends, such as abandoning much domestic production, and we could rely on renewables because fossil fuels were there to provide baseload power.

The next half will be far more painful – though the climate cult will likely dismiss such concerns, insisting that clean energy sources are low cost and jobs will be provided aplenty.

When wind turbines are running, the marginal cost of energy produced is close to zero, whilst energy produced by gas has a positive marginal cost because we have to purchase the fuel.

But gas-fired power stations are easy to build and link to the grid. Wind turbines, on the other hand, are costly to install and maintain, especially offshore.

They don’t have a long life, are in places far from population centers, and are expensive to link to the grid.

They also need backup when the wind doesn’t blow, or if it blows too hard. But these issues are hidden by government subsidies and delusional eco-hype.

Yet the Tories are hardly in a position to challenge it – assuming they want to. The timetable they set for the transition to clean energy was excessively ambitious.

Tories did nothing about the 2008 Climate Change Act, failed to dismantle the supposedly independent Climate Change Committee, and enshrined the Net Zero by 2050 target in law.

As a result, the country that birthed the industrial revolution, and created the oil refineries and steelworks that transformed people’s lives, now has the world’s highest electricity prices – and only the ghost of an industrial sector.

Read rest at The Telegraph

We give you energy news and help invest in energy projects too, click here to learn more

Crude Oil, LNG, Jet Fuel price quote

ENB Top News ENBEnergy DashboardENB PodcastENB Substack

Energy News Beat 


Tags


You may also like