EU faces 20 years of rising energy costs

An EU report has been leaked, which describes five scenarios for how we might meet our energy and carbon-reduction targets by 2050.

Details are sketchy, and clearly depend on assumptions about the costs of investments, the life-cycles of new generating capacity, depreciation policies, and levels of government subsidy.

Some of the projections seem lower than continuation of recent price rises. And they appear to take no account of the possibility of insulation as a means of reducing demand.

The writer neglects to point out that one person’s “cost” is another person’s “GDP”.

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