Brian Leyland vs the rest
more on the energy policy here.
I'm going with Meridian's boss on this one - we honestly have no idea what the long term cost-benefit of going renewables is. You can make a case that it will cost 20% more just as easily as saying that it becomes a comparative advantage and will save 25% over the long term. The house of cards stacks either way.
Just remember, the cost of oil has pretty much tripled over the last 3-4 years and the world hasn't ended (not to mention the US decided to spend a trillion dollars on a stupid war - how do you include costs like that on your economy projections?).
People are very smart when it comes to minimising cost - if energy starts to cost more, we'll figure out how to make it cheaper or use it better. It's probably the one thing you can actually count on.
I'm going with Meridian's boss on this one - we honestly have no idea what the long term cost-benefit of going renewables is. You can make a case that it will cost 20% more just as easily as saying that it becomes a comparative advantage and will save 25% over the long term. The house of cards stacks either way.
Just remember, the cost of oil has pretty much tripled over the last 3-4 years and the world hasn't ended (not to mention the US decided to spend a trillion dollars on a stupid war - how do you include costs like that on your economy projections?).
People are very smart when it comes to minimising cost - if energy starts to cost more, we'll figure out how to make it cheaper or use it better. It's probably the one thing you can actually count on.
posted by Joe at 9:14 AM
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