Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Jerome a Paris:
we know how much offshore wind power from an existing plant will cost to produce in 20 years' tim, but we have no idea whatsoever what power from a gas-fired power plant will cost then. That certainty has value.

In fact perhaps the prime objective of public policy (apart from sustainability and greenhouse gas emissions reduction) is to improve the visibility, predictability and volatility of future economic and social costs of energy - a bit like an insurance policy against unpredictable future costs. What's wrong with the state buying insurance against future price volatility?

Index of Frank's Diaries

by Frank Schnittger (mail Frankschnittger at hot male dotty communists) on Mon Jan 9th, 2012 at 08:01:12 PM EST
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The fact that if they buy it by building wind farms they won't be buying it from the City of London. Duh.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jan 9th, 2012 at 10:05:10 PM EST
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