Another Blow for Energy Policy

George Osborne has attempted to do something which is both very sensible and very foolish. He is trying to reduce subsidies for wind energy (see the Guardian).

It is sensible because wind energy is a complete dead end. It will never produce reliable energy at any price and it is currently only viable because of absurd hand-outs. The industry says this will kill wind turbines dead, and a good thing too.

Unfortunately, the other effect will be to make all future energy plans very difficult to implement. New nuclear plants, for instance, rely on guaranteed returns. If the government attempts to reduce subsidies for wind power, will anyone rely on promises relating to other forms of energy?

 

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