Monday, January 28, 2008

"the most expensive economic suicide note in history"?

Here.

Excerpt:
The EU's plans for "renewables" do not include nuclear energy. Worse, they take no account of the back-up needed for when the wind is not blowing - which would require Britain to have 33Gw of capacity constantly available from conventional power stations.

The same drawbacks apply to the huge increase in onshore turbines, covering thousands of square miles of countryside. They are only made viable by the vast hidden subsidies that wind energy receives, through our electricity bills. These make power from turbines (including the cost of back-up) between two and three times more expensive than that from conventional sources.

This is crazy enough, but the EU's policy on biofuels is even more so. The costs - up to £50 billion by 2020 - would, as the EU's own scientific experts have just advised, "outweigh the benefits". To grow the crops needed to meet the target would require all the farmland the EU currently uses to grow food, at a time when world food prices are soaring. Even Friends of the Earth have called on the EU to abandon its obsession with biofuels. Yet the Commission presses on regardless.

No comments: