|
Publications
See Neil Collins' assessment of Recharging The Nation in the Daily Telegraph below
City comment
Edited by Neil Collins (Filed: 01/11/2003)
"Power that's blowing in the wind
Here is some disappointing news for the Cassandras who keep telling us we're all doomed to shivering in the dark one winter quite
soon: the lights are not going to go out. Amazingly, there's even an outside
chance that 10pc of our electricity will come from renewable sources by
2010, as John Prescott pledged so rashly in Kyoto all those years ago.
In a carefully-worked and remarkably restrained piece of
research, former Treasury analyst Dan Lewis has investigated the areas
that might help. He concludes that solar power is a waste of money and effort,
that biomass would need to cover a tenth of the entire country to make a
real impact, and that the Government's policy is, in effect, mere
bureaucracy.
We might have guessed all that, but the surprise in Mr
Lewis's paper "Recharging the Nation" for the Economic Research Council
is that the economics of wind power are nothing like as bad as they might
appear. They are far behind, say, gas, on any but the most dismal
assumptions about its price, and there is no realistic prospect of more
than a marginal change in our dependence on fossil fuels.
Nevertheless, wind power looks miles better than any other
renewable. The biggest obstacles to its development are not economic, but
planning, environmental, and the Government's obsession with
micro-management.
Offer locals free power, Mr Lewis suggests, and see their
objections to those massive wind farms melt away. Give landowners and
nearby residents a share of the ownership and see how keen they become.
Oblige all electricity companies to buy "net power" sent
into the grid from microgenerators, and watch forests of little turbines
spring up on schools, blocks of flats, industrial parks and isolated
buildings...
While the wind doesn't blow hard all the time, it's
usually blowing at least a bit, and doesn't stop when the sun goes down. If Mr
Lewis is right (and he's done the maths) we are not looking for romantic
technological breakthrough. We are simply looking for a sensible,
market-orientated policy from the Government. Sounds familiar?"
|