Why we need "Net zero"

[Beelbeebub]

1 hour ago, jack said:

 

Really? Have you lived in the UK for the last few decades?

argument to emotion

 

1 hour ago, jack said:

As an example, how about the ricidulous energy pricing paradigm discussed elsewhere in this thread, which has left us with insanely high energy prices?

Our insanely high energy prices are largely down to geopolitics and in particular our reliance on gas (which has got more expensive).  The marginal auction mechanism is a well founded approach, but it may well have put lived it's usefulness and be less able to pass on thr benefits of renewables to consumers. What we replace it with (and I would like to see a good discussion on that) is a much harder question. 

 

Your core argument (as I understand it) is that the government shouldn't be witholding licences and should let the companies decide if it is profitable or not.  Basically a very free market approach. 

 

But I would counter that the government has to put some regulation around licences, we can't obviously just let people drill and mine willy nilly. Things like environmental impact, health and safety, decommissioning etc all need to be regulated. 

 

So what is the functional difference between withholding a licence because the government considers drilling in an area might cause local nuisance and damage and withholding a licence because the government considers it will conflict with national and global priorities? 

 

There is a choice between renewables and oil and gas investment. There is a finite amount of money available for investors.  Banks and funds might choose to lend to an oil outfit or maybe a wind farm. Usually that voice will be dictated by returns (and the interest rates charged likewise on risks). We know oil and gas can be spectacularly profitable, so that is where the capital will flow.  If oil and gas isn't an option there will be more capital to flow to renewables. 

 

"cracking returns" is merely acknowledging that that the reason to allow more drilling is not

 

To lower bilks

To increace enrgy security

To reduce carbon footprint

 

The only reason to allow more drilking (to rephrase in a non emotional way) is for oil and gas firms to make larger profits. 

 

 

[jack]

1 hour ago, Beelbeebub said:

argument to emotion

 

You have a sense of humour, I'll give you that. 

 

[Beelbeebub]

40 minutes ago, jack said:

 

You have a sense of humour, I'll give you that. 

 

😁