A Fond Hope

Both the nuclear energy industry and the tidal energy industry are prepared to build new generating capacity but only if the taxpayer guarantees the return of their investment. This is a new kind of capitalism – one which will only take risk if every conceivable risk is covered. The risk reward ratio for these projects, if implemented with a taxpayer guarantee would be virtually 1:100,000.

The tidal and nuclear businesses that plan these great infrastructure projects would, with such taxpayer guarantee, find it easy to raise money for the project because the investors would have a state guarantee that the return on investment would be paid. In fairness, they probably will find it hard to raise the finance for these projects without such a guarantee, because the projects are long term and will not start showing any return on investment for ten years or more.

In the case of the tidal generation project which involves a barrage across the Severn Estuary, the government argue that there is no strategic or economic case for the project. I could understand an argument that there would be environmental damage if the project proceeded (although I am unsure whether there has been sufficient study to properly assess the environmental damage and compare it with the environmental benefits) but the strategic case is simple for both tidal energy and nuclear energy: we shall need the electricity generated for many years to come.

I have always been opposed to nuclear energy because of the risks to human health. My mind is not made up on tidal energy because I have not seen sufficient evidence.

It is clear that the concentration on big projects to generate energy seems to dominate government energy thinking. There is no cohesive strategy on energy policy; there are many energy policies rather than a single policy. It is as though the government are hoping that by subsidising some wind turbines and some solar photovoltaic panels, while keeping the old generation stations going will provide energy over the next twenty years.  It is a fond hope, just as the idea that present energy policies will reduce the impact of fast climate change is another fond hope. the two fond hopes are too fond hopes.

2 Responses

  1. There are two clear winners in the renewables game, solar water heating and this device below, both fairly predictable and out of plain sight.

    http://www.openhydro.com/home.html

    There are now also several proven zero energy devices around today too, eventually they will all come to light, the carbon taxes lobby will push them forward for sure, the greedy pigs cannot always have things all their own way.

    Rather than pay those draconian taxes, ones money would be far better spent giving everyone the devices to help stop the policies from within, get the public on the side of honest savings and your home and dry, but try stealing the extra taxes and doing nothing and the truth seekers will destroy you outright.

    The peoples voice is just about to become the live alternative to what is really going on in todays paradigm, here’s your chance to shine for the whole.

  2. Dune. F Herbert

    Power attracts the corruptible. Absolute power attracts the absolutely corruptible. This is the danger of an entrenched bureaucracy to it’s subject population. Even “spoils” systems are preferable because levels of tolerance are lower and the corrupt can be thrown out periodically. Entrenched bureaucracy seldom can be touched short of violence. Beware when Civil service and military join hands!

    Seek freedom and become captive of your desires. Seek discipline and find your liberty.

    Technology, in common with many other activities, tends toward avoidance of risks by investors. Uncertainty is ruled out if possible. Capital investment follows this rule, since people generally prefer the predictable. Few recognize how destructive this can be, how it imposes severe limits on variability and thus makes whole populations fatally vulnerable to the shocking ways our universe can throw the dice.

    http://en.m.wikiquote.org/wiki/Dune

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