• Subsidy Culture Undermines UK’s Green Industry

    • Date: 31/10/16
    • Jonathan Ford, Financial Times

    Job creation alone does not equate to a benefit for the economy One of the claims often advanced for renewable energy is that it will lead to a bonanza of what are called “green jobs”. It is a way of justifying the upfront costs involved in switching the nation’s energy production to these low carbon sources. The […]

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  • Robust and Fragile Electricity Systems

    • Date: 20/10/16
    • Dr John Constable: GWPF Energy Editor

    The recent South Australian blackout has triggered a debate about the manifest risks of wind farms to the security of electricity networks. National Grid’s 2016/17 Winter Outlook reinforces previous concerns that low-carbon policy mandates are resulting in electricity systems that are likely to be fragile in the face of external shock, and are therefore more […]

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  • Do Investments in Oil and Gas Constitute “Systemic Risk”?

    • Date: 19/10/16
    • Daniel Yergin and Elena Pravettoni, IHS Energy Strategic Report

     “Even a greatly accelerated shift towards renewables would not be able to relegate fossil fuels to minority contributors to the global energy supply anytime soon, certainly not by 2050.” Since 2014, some central banks and financial regulators have raised concerns that climate change may pose “systemic risk” to the financial system. This view was notably […]

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  • House Of Lords Inquiry: The Economics of UK Energy Policy

    • Date: 13/10/16
    • Global Warming Policy Forum

    The House of Lords Economic Affairs Committee is conducting an inquiry in the Economics of UK Energy Policy. The Global Warming Policy Forum (GWPF) has submitted the following written evidence. Executive Summary Despite relatively low wholesale prices, electricity consumers in all sectors of the UK (domestic, industrial, commercial and public sector) are facing the prospect […]

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  • Are Wind Power Costs Falling in the UK?

    • Date: 05/10/16
    • Dr John Constable: GWPF Energy Editor

    The only economically tenable justification for subsidies to renewables is that they will accelerate major cost reductions. Recent price bids for offshore wind in European waters have suggested to some commentators that costs might be falling significantly. However, empirical data throws doubt on this point, and suggests that other explanations lie behind the low prices […]

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  • Nick Butler: Energy Security Focus Turns National

    • Date: 05/10/16
    • Nick Butler, Financial Times

    For most of the last half century, energy security has been defined in terms of Opec boycotts, the risk of the Strait of Hormuz being closed to oil tankers and the dangers of Russia cutting off gas supplies through the European pipeline network. In the last few years, however, much has changed. Now, energy security […]

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  • Southeast Asian Nations Plan Huge Expansion Of Fossil Fuel Economy

    • Date: 26/09/16
    • Dr John Constable: GWPF Energy Editor

    Actual growth in South East Asian fossil fuel consumption over the last twenty years, and projections of a near doubling of demand by 2040, indicate that developing nations won’t undermine their own development objectives in favour of decarbonisation. On the 22nd of September at the 34th Association of South East Asian Nations (ASEAN) Ministers of Energy […]

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  • Will Hinkley Point Power Plant Make Enough Money?

    • Date: 19/09/16
    • Dr John Constable: GWPF Energy Editor

    The UK government has, after some delays, given approval to Hinkley C nuclear power station. However, and in spite of subsidies intended to offset risks arising from renewables policy, it is still not clear that the project can actually make money. It remains to be seen whether EDF has the courage to proceed. The British […]

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