Reuters reports that with half of major energy suppliers in the UK announcing double digit price increases for electricity and gas the British public has had enough. 75 percent now favor abandoning Britain’s green agenda if it means higher prices.
The problem of course is after you thwart efficient nuclear, coal and gas generation and lock in guarantees, subsidies and high prices for alternative energy profiteers it is almost impossible to go back.
Developed nations like the UK already price their labor out of the marketplace with the high costs of their social welfare states. Affordable energy is one area in which developed nations should have the edge, yet they toss that advantage away in the name of useless carbon initiatives. A government study predicts energy costs for British business will rise 58 percent by 2030. Who will be able to afford to work or produce in such a wasteful environment?
CFACT has consistently pointed out that this combination of high energy prices, inefficient generation and massive transfers of wealth from taxpayers to corporations cashing in on alternative energy is unsustainable.
Will nations which have not yet locked themselves into the same energy cage as Britain wake up in time to avoid a similar trap? Will China, India and Brazil generously grant work visas to workers from (one-time) developed nations who need a job?