Then I learned something I had not appreciated. I have previously written on how the government's decision to reduce CO2 by 42% by 2020, means a reduction in electricity production & thus national wealth of 50%. One of her slides showed that Holyrood has also decided that we must get rid of 100% of CO2 production in making electricity by 2030. That would leave us with about 10% from existing hydro & probably about another 5% from windmills etc. The former requires a 7% annual recession for 10 year - the latter 9% annual decline for 20 years. Perhaps I underestimated when I said the former decision, made unanimously by all parties & MSPs meant they are all clinically insane.Having slid by that bombshell she assured us that doing all this will only cost us 1% of GNP, because Stern said so, compared to paying 8% of GNP to bail out the banks. Apart from anything else that piece of sleight of hand omits that 1% a year is not the same as 1% in total.She finished by saying how she had visited the carbon storage project & how "my jaw dropped in amazement" at the technology. The gentleman next to me quietly said "this is Scotland's chief science advisor!" More here |
Saturday, March 27, 2010
Are all members of the Scottish parliament clinically insane?
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