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I can't find a value for the multiplier in this summary.

Cyrille:

increasing UK gas consumption would speed up the depletion of the resource, which should carry a cost.

I take it that's what they're demonstrating in the last two charts. However, I agree with you and eurogreen that there's probably some deceptively simple reasoning there.

by afew (afew(a in a circle)eurotrib_dot_com) on Thu Nov 1st, 2012 at 12:41:44 PM EST
[ Parent ]
The flaw in their reasoning is that, absent the construction of wind farms, all the economic activity that their model assigns to wind would not take place. Against this, they are counting the economic value of gas production in the UK, as if the gas would stay under the sea if it wasn't burned in new power stations.

Unless the construction of wind farms was actually going to crowd out other economic activity (which would require an overheated economy), it's not a fair comparison.

It is rightly acknowledged that people of faith have no monopoly of virtue - Queen Elizabeth II

by eurogreen on Thu Nov 1st, 2012 at 12:51:40 PM EST
[ Parent ]
No, but I can take a look at the relative size of induced and direct + indirect. That indicates a really low multiplier.

Earth provides enough to satisfy every man's need, but not every man's greed. Gandhi
by Cyrille (cyrillev domain yahoo.fr) on Thu Nov 1st, 2012 at 01:08:59 PM EST
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