Jeremy Leggett tries to recover from the shotgun blasts fired at Solar PV subsidies served up by George Monbiot.
Doesn\’t so all that well to be honest.
Second, Monbiot says the government\’s scheme targets money where economies of scale are \”impossible\” – an incorrect assumption because solar electricity costs will inevitably fall to the point, within just a few years, where they are cheaper than any form of fossil fuel and nuclear electricity. Systemic economies of scale in solar manufacturing and installation techniques are causing rapid reductions in solar PV costs globally, just as Ofgem and others worry so loudly about the inevitable rise of traditional electricity costs.
How wonderful, solar will be cheaper than coal.
So, when it is we\’ll all install it. No need for subsidies.
Even if you say that subsidies are required in order to get those economies of scale….it\’s a global market, remember? The UK is a mere glans drop of urine in the great golden river of global subsidies. The Germans are spending huge amounts on their subsidies and that\’s what is driving the prices down. We\’ve no need to spend our money in the same manner.
Let them do it, wait and reap the benefits.
Great, so Jeremy puts his business into cold storage for a few years, we all save oodles of money and all is right with the world: and we can still save Gaia.