Fuel Poverty _ The Cost of Going Green
We need to make people care sufficiently about climate change that they're prepared to pay more for energy in the short and medium term in order to avoid potentially catastrophic environmental, social and economic impacts in the long term.
If you're not convinced, just take a look at the recent analysis of energy bills by the Committee on Climate Change. Greens usually cite this document to show that wholesale gas prices are behind recent bill increases – and also that efficiency measures could limit future rises. Those are both crucial points. But the analysis also contains a less comfortable message: that over the next decade, renewable subsidies and carbon taxes will add far more to energy bills than rising gas prices are expected to. Indeed, if ambitious efficiency measures get implemented as we hope, then by 2020 clean-energy subsidies and carbon taxes will most likely account for more than a fifth of domestic electricity bills
What we have been saying all along, thanks for confirming.