The Climate Change Committee states that early action on reducing carbon emissions will be cheaper than later action on carbon emissions. The CCC are, therefore, loons.
Here\’s one little example of said lunacy:
Early power sector decarbonisation is at the heart of economy-wide decarbonisation
because: the power sector is a major source of emissions, accounting for around 27% of
total UK greenhouse gas emissions; there are relatively low-cost technologies available for
power sector decarbonisation (i.e. nuclear, renewables, carbon capture and storage – CCS);
What? Renewables are not low cost. Not yet, at least. And CCS doesn\’t work. It might never work but it certainly doesn\’t work yet. So that\’s two out of three of their assertions that are simply wrong. And it\’s upon evidence, assumptions, like this that they build their castle in hte air.
Low-carbon power offers the opportunity for greater energy
independence, which could reduce exposure to fossil fuel price volatility.
You probably son\’t want to be exposed to volatility if prices are going to go up. But you probably do if prices are going to go down. Ermm, shale anyone? Quite, we\’re at the dawn of a technological revolution that\’s likely to push fossil fuel prices well down: this is not the time to be shielding ourselves from price volatility, is it?
As to their basic case, investing now is cheaper than investing later, they are of course away with the fairies. Non fossil fuel generation systems (most especially solar) are becoming cheaper every day. Thus building later saves a great deal of money over building now.
What\’s interesting though is the numbers they use to reach their conclusion:
The Government’s carbon values rise to around £215/tCO2e in 2050 in a central case.
What? They\’re modelling a carbon tax at four times what even the Stern Review suggested it should be?
This is simply nonsense. Shoot the lot of them.