Hey, at least the UK has an energy and climate change secretary...
Tuesday, January 4, 2011
The "Green" Tory Government
David Cameron's Conservative government has pledged to be the "greenest government ever," an encouraging gesture from the European nation with the third worst track record on renewable energy. An article from the Guardian discusses the UK's ambition to generate 15% of its electricity from renewables by 2020. The market evidence is encouraging, as the UK ranks #4 in the world, at $114bn, for projected investments in renewables between 2010 and 2020. Unfortunately, it seems that the Tory government is more interested in investing in nuclear energy, which is at the tail-end, a carbon free technology, but hardly environmentally or economically sound. Additionally, the UK claims that it must still extract oil from deep waters west of the Shetland Islands in order to ease the nation's transition away from fossil fuels. The process, claims energy and climate secretary Chris Hunhe, is akin to changing the direction of a large, dinghy oil tanker.