Three insane green energy news stories today. Firstly, Emily Gosden of The Times reports (behind the Times paywall) that we are all going to have to pay an extra £1.5 billion on our electricity bills because Government ministers gave out too much subsidy to offshore wind turbine developers.
Secondly, the Mail reports that a £23 billion scheme to encourage the use of wood-burning boilers called the Renewable Heat Incentive (if you google it, google suggests adding the word ‘scandal’) is open to abuse and has only resulted in 60,000 boiler installations. That works out at over £380k per boiler. Of course the wood-burning boilers produce air pollution and contribute to deforestation. The scheme was was introduced by former energy minister and convicted course-of-justice perverter Chris Huhne.
But the Guardian says today that the Environmental Audit Committee has declared that we need to raise more money to support green energy schemes! Apparently investment in renewable energy halved last year, and according to the committee’s chair, “The government must urgently plug this policy gap and publish its plan to secure the [billions of pounds of] investment required to meet the UK’s climate change targets, and explore how a sovereign green bond could kickstart its strategy.” That story is also at the FT.