Relax. Private enterprise will sort it out.
This is more or less neo-liberal orthodoxy on global warming (as much else) - and therefore Government policy. In the UK, the opportunity for utilising natural, renewable wind, you would think, must be a sure fire winner. But what's happening?
You may not know, but a proportion of your fuel bills, already at record high levels, is taken as a subsidy for generating wind farm capacity - "the amount of subsidy paid to renewable power generators through consumers’ electricity bills will rise from more than £600m a year to £3bn a year by 2020" (FT 3 Feb 08). But this money, instead of being invested in wind turbines, is being trousered by the electricity companies!
Peter Atherton, head utilities analyst at Citi Investment Research, said: “It’s a bonanza. Anyone who can get their nose in the trough is trying to.” (FT). Let's face it, he should know! When you next get your electricity bill, read this.
