Finally, some honesty about renewables.
Renewable Energy Foundation (11/3/20) talk given by Professor Gordon Hughes, School of Economics, University of Edinburgh: "The theme of my talk is the disparity between predictions about the future costs and performance of wind power (especially offshore wind) - the Rhetoric - and the actual evidence that is available on what it costs to build and operate wind farms and the amount of power they produce over their lifetime – the Reality... The reality of what will happen to the costs of key renewable energy and other low carbon technologies is critical. The UK Government’s strategy for meeting its Net Zero target at an affordable cost rests on the core assumption that the costs of wind power have fallen - and will continue to fall. There is, however, a major problem with all of the projections produced by official agencies, academics and other organisations. Put bluntly, they are the product of wishful thinking applied to notional projects in the future with little or no connection to commercial reality."
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"The basic underlying 'green jobs' assumption is that we can destroy a substantial part of the economic value of the energy-producing and -using capital stock without impoverishing tens of millions of households and destroying employment opportunity on a massive scale. That is a delusion: More expensive energy means less employment, in that the causal relationships among energy costs, economic growth, and employment are strong."
– Benjamin Zycher, AEI
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