British “Green Energy” Plan To Cost 17 Times As Much As Benefits
Conn Carroll /
The Telegraph reports:
The Government’s plans to increase the proportion of Britain’s energy generated by “green” sources is set to cost between 11 and 17 times what the change brings in economic benefits.
The figures are buried deep in the Government’s Renewable Energy Strategy paper produced last month.
According to the document, while the expected cost will total around £4bn a year over the next 20 years, amounting to £57bn to £70bn, the eventual benefit in terms of the reduced carbon dioxide emissions will be only £4bn to £5bn over that entire period. (more…)