Wednesday, March 07, 2007

Brian Fallow on green electricity generation

here.
1-2 c/kWh subsidy to make them better than gas fired huh? Man, that sounds like a reasonable insurance policy type cost.
Do you think NZ as a whole could benefit from a 1-2 c/kWh investment in electricity production? I sure do. Repeat after me people: sad as it is, people don't value things they don't have to pay for. If our electricity is cheap, we'll make and sell things that need cheap electricity (can you say aluminium?). If it's more expensive, we'll make and sell things that earn more money. I think that betting _against_ NZ ingenuity is a crazier bet than thinking we'll be doing exactly the same thing in 2020 as we did in 1980 (i can't believe that typing 1980 feels like the dark ages, i was at college in the 80's...).

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