‘Climate Crisis’ Used to Justify Govt’s Record Spending on ‘Renewables’
The Government appears ready to claim that the ‘imminent’ threat of ‘climate change’ justifies what will be the largest taxpayer-funded investment in wind and solar farms in British history
The Telegraph has the details.
Sir Keir Starmer is to unveil the first investment by the £8.3 billion taxpayer-funded Great British Energy, which will back renewable energy projects to help meet the Government’s Net Zero goals.
The Prime Minister will say the Government is “rolling up our sleeves to deliver for Britain” as he announces a partnership with the Crown Estate to help develop the seabed for offshore wind power.
Ed Miliband, the Energy Secretary, said the £8.3 billion investment in GB Energy was vital to meet the “huge challenges” the country faced, including the climate crisis, which was “not a future threat but a present reality”.
“In an unstable world, the only way to guarantee our energy security and protect billpayers permanently is to speed up the transition away from fossil fuels and towards home-grown clean energy,” he said.
“That is why making Britain a clean energy superpower by 2030 is one of the Prime Minister’s five missions, with the biggest investment in home-grown clean energy in British history.”
A Great British Energy Bill will be introduced in Parliament on Thursday to formally establish the company, which will have its headquarters in Scotland.
The company is expected to take a stake in renewables energy projects alongside the private sector. …
In its first major project, GB Energy will provide spatial planning, surveying and grid design assistance to the Crown Estate to help speed up the development of offshore wind projects. …
It is not yet clear how much of the £8.3 billion will be divided between projects such as the Crown Estate deal and other types of investment. …
Josh Buckland, a former civil servant in the energy department and senior fellow at Policy Exchange, said there was a lack of clarity about how GB Energy will operate.
“This includes how any public ownership will be designed in such a way not to distort the market for private investment,” he said.
“Until that is understood, it’s hard to assess how much value GB Energy will deliver in practice to the taxpayer or billpayer.”
See more at Daily Sceptic
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