The UK's energy investment gap

The Telegraph online, 29/10/2012, Dieter Helm

Comment article by Dieter Helm, Professor of Energy Policy at the University of Oxford: ‘The new carbon floor price is a step in the right direction, but politicians lack the courage to tell people the truth about their carbon emissions, and to set the price high enough to meet the target. The result is that the government instead is picking its chosen “winners” amongst the low carbon technologies, in part driven by the EU Renewables Directive. This has resulted in some of the most expensive technologies being picked first, notably offshore wind and roof top solar. Not only does this result in far higher bills than are necessary to British customers, but it makes almost no difference to global warming … Eventually there will be a crisis sufficiently serious to motivate serious action, but not before there is considerable collateral damage.’

http://www.telegraph.co.uk/sponsored/earth/statoil/9640690/uk-energy-bill-investment-gap.html