Election kicks off with debate about energy
The Uk imports too much energy, making us reliant on the goodwill of foreigners. All parties to the election should renounce the mad carbon accounting which says if you use your own gas you are adding to world CO 2 but if you import the energy you are not. The import model increases world CO 2, costs us lost jobs, means we do not get the large tax revenues on extracting the gas and undermines our energy security.
Labour has come under fire from its own side for ruling out new oil and gas fields. I side with the Unions who say it makes sense to create the jobs and extract the energy at home.
The idea that setting up a Great British Energy nationalised company would solve our shortages and lower prices is wrong. If you wanted to do this there would need to be a huge expansion in grid capacity to accommodate the switch to electricity. There would need to be plenty of new back up gas fired power stations for when the wind did not blow, or plant for large scale production of hydrogen to fuel home boilers and vehicles. Our current nationalised industries send huge bills to the taxpayer to cover their losses, legal claims against them and their investment programmes.
The Conservatives now say they are net zero realists. They see a need for a rapid roll out of nuclear, a more reliable source of low carbon power. They want more home oil and gas. They need to adjust policies on roll out of EVs, heat pumps and smart meters to reflect consumer choices and realities.
Greens and Lib Dems live in a slogan world where a windmill is the answer to every problem and comes with lower bills. Dream on.
Source: http://johnredwoodsdiary.com/2024/05/25/election-kicks-off-with-debate-about-energy/
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