Monday, 31 October 2011
UK Infrastructure; fighting the greens?
Of all the things the Government can spend money on, building infrastructure has to be the best public good. At least, in spite of costs, we end up with something tangible in exchange for the money.
Today, the Prime Minister announced two new power stations - one of which is a bit small really at 108MW of biofuels, but the other is a badly needed 1500MW gas plant at Thorpe Marsh. if the Government are determined to take us down a 'green' path then this is surely a good mix 95% of the new capacity is gas and 5% biofuels. No doubt we can deal with this and gas is the least polluting type of power station in any event (OK, nuclear, but I will leave the complex debate to Mr Drew on that point).
Anyhow, I question the other particularly the assertion that £1 of Government spending will leverage to £6 in the private sector - I bet that is a based on a spreadsheet with a rather large foes of assumptions and guesstimates on it!
No sounds from Chris Huhne today, perhaps economic reality will defeat the green brigade after all. Now all we need to do is let the shale gas explorers get on with their work and we can secure the Countries energy needs to 2500AD.