Labour’s net zero target faces £116bn ‘investment challenge’

Challenge is putting it mildly. Cloud cuckoo land beckons once again in the form of impossible but supposedly climate-related targets. Some timescales are hard to shorten just by uttering demands.
– – –
A report by Policy Exchange, supported by analysis from Aurora Energy Research, outlines challenges facing Labour’s aim to achieve a decarbonised power grid by 2030, says Energy Live News.

The report highlights a £116 billion additional investment requirement.

This finding, based on modelling, emphasises obstacles such as planning reforms, supply chain limitations and workforce shortages.

The analysis underscores difficulties in accelerating renewable energy deployment and scaling up infrastructure.

Climate the Movie is here.

Eight years ago, talkshop readers helped film maker Martin Durkin finance ‘Brexit the Movie‘, raising over £8000 towards the total cost of production. Now, Martin has made the long awaited sequel to ‘The Great Global Warming Swindle‘ with help from long time fellow sceptic Tom Nelson. It’s called ‘Climate the Movie: the Cold Truth’ and you can watch it for free here, right now. Enjoy!

Available at Vimeo vimeo.com/924719370
On X at twitter.com/TomANelson/status/1771682333738848477
On Youtube at youtube.com/watch?v=zmfRG8-RHEI
On Rumble at rumble.com/v4kl0dn-climate-the-movie-the-cold-truth-martin-durkin.html

We must end the Net Zero delusion before it’s too late – Telegraph

Enough of the pretence, says the paper. It’s only arguing about methods of implementation e.g. targets, but better than nothing. The central plan is a drag on the whole country in the name of a climate theory that can’t be shown to be valid, using climate models that can’t even model the past or present with the necessary accuracy.
– – –
Political obituaries will not be kind to Theresa May, says The Telegraph.

But there is one unwritten law of modern British politics the former prime minister understood: you can be wrong on climate change, provided you are wrong in the right way.

Whisper that net zero by 2050 will have deleterious social and economic costs, and accusations of “denialism” will swiftly follow.

Yet warn that the “house is on fire” and the end time is at hand, and you’ll probably be given a book deal.

Net zero will be far more expensive than public thinks, Lords warned

Comment: “The problem is that net zero is very popular until people get asked to pay for it.” And get pushed into giving up things like fuel-powered private transport and home heating, for alternatives many don’t want at any price. None of this is new, but here it’s getting aired in a national political forum. Chasing climate obsessions and targets at any cost and by any means, including by increasing national debt as suggested here, is an ongoing drag on everyone for debatable reasons.
– – –
Net zero will be far more expensive than the public has so far been led to believe, top economists have warned the Lords Economic Affairs Committee. — The Telegraph reporting.

Transitioning to a low-carbon economy is “necessary” but will be “much more expensive than people imagine”, Olivier Blanchard said.

The former chief economist of the International Monetary Fund said there was a “substantial fiscal cost to achieve anything close to net-zero”.

UK Navy could make climate change courses compulsory

Who would bet against the climate instruction they offer being biased towards the UN/IPCC alarmist view? The new target will be net zero, and the new enemy will be climate change.
– – –
The Royal Navy is considering introducing compulsory climate change courses for all sailors, The Telegraph can reveal.

A leaked briefing paper suggests that all Navy personnel could be forced to attend online training sessions about the impact of climate change on defence.

“While this course is not yet mandated, it does provide a comprehensive overview on the science behind climate change and most importantly its relevance to defence,” the paper reads.

Electric van maker once valued at £10bn collapses into administration

Arrival is departing

Shades of the dot.com bubble. The grand illusions of net zero climate alarmism continue to crumble, but not quickly enough yet.
– – –
A British electric van maker once valued at $13bn (£10bn) has gone into administration after burning through $1.5bn without having sold a vehicle, reports The Telegraph.

Oxfordshire-based Arrival has appointed administrators at EY to find a buyer for the business, blaming “challenging market and macroeconomic conditions”.

Arrival’s Nasdaq flotation in 2021 was the biggest ever for a British company but shares have fallen by 99.98pc as it became clear that the company was unable to service its debts.

Gwythian Prins: National security concerns must take precedence over the climate

There is a respectable peacetime economic case for closing the Port Talbot blast furnaces and ceasing production of basic oxygen steel (BOS) in the United Kingdom and it is set out by the leading trade economist Catherine McBride. She shows how much British steel-making of any type has declined by volume, and how chronically dependant what remains is upon imported raw materials. She also explains how much EAF – electric arc furnace – steel production from recycled scrap has increased worldwide: for example, 70% of American steel in 2022 came from that source. Finally, she shows how globally dominant China and India have become in BOS, as witness 90% of China’s 1 billion ton steel production in 2022. China and India have massive economies of scale, and also access to domestically controlled raw materials, giving end-to-end control: in the Chinese case, both coking coal and iron ore, and in the Indian case, iron ore but with need to import coking coal. In contrast, the UK currently has to import both ore and coking coal at scale to feed the condemned blast furnaces.