The true cost of Labour’s net zero plans is slowly being revealed – and the sums are staggering
JUNE 28, 2024
By Paul Homewood
h/t Philip Bratby
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At least the Telegraph is starting to dismantle Mad Miliband’s crazy agenda:
Sir Keir Starmer has promised that a new Labour government would decarbonise the UK’s electricity system by 2030 and would, at the same time, reduce average energy bills by up to £300 or roughly 20 per cent of their current level. We know that senior politicians and lawyers see visions that not granted to mere mortals. But is there any connection between this vision and reality?
Accelerating the current decarbonisation strategy would imply building about 35 GW of new offshore wind plants, 10 GW of new onshore wind plants, and 55 GW of new solar capacity in six years. As context, between 2009 and 2023 the UK built 14 GW of offshore wind, 12 GW of onshore wind, and 16 GW of solar plants. The vision implies building new plants at rates between two and six times what was achieved in the last 15 years. Where would the skills, other resources and finance come from?
Recent experience tells us that crash programmes of this kind incur costs that are anything from 50 per cent to 100 per cent higher than “normal” costs. Since Britain is not alone is trying to build lots of new wind and solar plants in next five years, it is a certainty that the costs will be much higher than claimed. Even at current costs, such a program is likely to require investment of £200-£250 billion. Adjusting for probable cost inflation, actual costs are likely to be £300-£350 billion. The sum of £8 billion promised for GB Energy is a rounding error in such a programme.
https://notalotofpeopleknowthat.wordpress.com/2024/06/28/the-true-cost-of-labours-net-zero-plans-is-slowly-being-revealed-and-the-sums-are-staggering/
