Friday, 3 July 2009

Taking us for fools

A new study from the Carbon Trust warns that potential of renewables sector will only be realised if government invests in research and removes regulatory barriers.

The report, which focuses on the economic benefit of new energy technologies, said that almost 250,000 jobs could be created by wind and wave power alone.

Part of the Trust’s Clean Tech Revolution campaign, the study concluded the UK could seize 45% of the global offshore wind market by 2020, delivering £65bn to the economy and 220,000 jobs by 2050. To do this will need at least £600m to be spent on research and development and new incentives to accelerate deployment of offshore wind power around British coasts.

Leaving aside for a moment that you and I will fund these "green jobs" and that even if their fantastic figure of £65bn is true it doesn't offset the hundreds of billions we will spend to accommodate renewable energy on the grid, one must ask, who are they trying to kid?

Looking at their website they seem to have gone to some lengths to disguise the fact that they are in fact funded by DEFRA. So why is the government lobbying itself?

2 comments:

Andy said...

If this is such a "dead cert" thing, and 65 billion really is available for the mere investment of 600 million, then capitalism will take care of it. There will be no shortage of investors to get their 10000% return.

The fact that this requires "investment" from the taxpayer already demonstrates that this is the same sort of "investment" that the government does everywhere - "investment" where you don't get your money back.

North said...

We do need a libertarian dictionary.