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Blair’s missing the point on financing renewables: fossil volatility costs more
Tony Blair’s call on British businesses to take the moral lead on climate change is laudable and his encouragement to the UK renewable and low-carbon energy industry is welcome. But by tying renewables so closely to climate change, we are in danger of undervaluing them.
September 19, 2004
Blair’s missing the point on financing renewables: fossil volatility costs more
Renewable and low-carbon energy are not just the long-term solutions to climate change. They are indispensable today if we are to cushion the British economy against volatile oil and gas prices and the impending peak in world oil production – not least the dwindling reserves in the North Sea.
September 19, 2004