The 110 billion pound question
Jan 6, 2013
Bishop Hill in Energy: costs

David Rose, in a blistering article at the Mail on Sunday, asks:

Why IS Britain about to pay £110billion to enter a new Dark Age?

There is considerable discussion of whether we should be focusing on developing nuclear fusion. That would certainly seem like a sensible way forward. Given that climate sensitivity looks to be only around 1.5, we have the best part of a century to bring such a project to fruition before GDP falls much below current levels.

In the meantime, Andrew Neil has been reading the tea-leaves of David Cameron's interview on the Marr Show this morning. On his Twitter feed Neil says he reckons the public is being softened up ahead of the UK losing its AAA credit rating. Adding higher interest rates to the burdens the public are having to endure is going to make it much harder for the political classes to continue along the path they are currently treading.

 

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