Green virtue signalling has become so prominent that even Tory ministers are getting in on the act. Today, Business and Energy Secretary Greg Clark will announce a new Industrial Strategy that, apparently, aims to power the UK economy with solar panels. What’s not to like? Except, of course, that this …
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It turns out that just 100 companies are responsible for 71 percent of the world’s greenhouse gas emissions. According to the Carbon Majors Report 2017: “Over half of global industrial emissions since human-induced climate change was officially recognized can be traced to just 25 corporate and state producing entities.” This …
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While businesses and journalists readily understand (and often misunderstand) the idea of return on investment (“there is no magic money tree”) they seldom make the intellectual leap to apply the concept to the far more important area of energy. Currency, after all, really can be printed out of thin air …
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Renewable energy is usually presented as the sensible alternative to domestic (fracking) gas. However, in Britain at least, the two are essential components of the same suite of technologies. This is because of the poor choices made by the UK government that force solar and wind energy to go hand …
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Read the headlines and you could be forgiven for laughing in the face of climate change and resource depletion. Renewable energy, it seems, will win the day. Take this example by Ian Johnston in the Independent: “Renewable energy is a mainstream technology, which is cheaper and more advanced than ever. …
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These days it is almost a given that economics is not grounded in reality. As the old joke has it: Q: What do you call an economist who makes a prediction? A: Wrong. The failure of thousands of extremely well-paid economists to see the 2008 crash coming did irrevocable harm …
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Consciousness of Sheep