quinta-feira, outubro 24, 2013

Climate change alarmism punishes the poor

Climate change alarmism caused our high energy prices:
There is sometimes an almost vindictive streak in politics whereby governments follow policies which they know will harm the electorate but nonetheless they keep them, sometimes for years ..
There are cheap sources of energy either available or possible but there is a reluctance to use them. Coal is plentiful and provides the least expensive electricity per megawatt, while fracking may provide a boon of shale gas. Unfortunately, coal-fired power stations are being shut down because of European Union regulations and shale gas exploration is moving at a slow pace.

It is against this background that energy companies have announced price rises. The regulations imposed by the Government underlie them and additional green taxes exacerbate the situation. The expansion of relatively expensive nuclear power at £92.50 per megawatt, almost double the current market price, is justified by some because it is cheaper than the quite unnecessary wind schemes. But it is much more expensive than coal or gas and these high energy prices which punish the poor most particularly are a matter of choice not of necessity.
The reason this has been done is, of course, because of climate change fears. But is it a reasonable or proportionate response? .. This country is responsible for under 2 per cent of global emissions so even if the British freeze and industry is made uncompetitive it will not save the world.
The solution to this is to free the market, not to control prices which will simply reduce supply. Hence the time has come to copy Sir Robert Peel. He saw that the Corn Laws made the condition of the people worse. Modern politicians know that their constituents will suffer this winter and some may die because they cannot afford fuel. This can be stopped by ending the environmentalist obsession and delivering cheap energy.

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