The Climate Change Committee’s 2015 Fifth Carbon Budget Over-Estimated the Price of Gas in 2025 and Under-Estimated the Price of Renewables
[NB: figures in bold in this article are figures that have been produced in the past, and have been adjusted by the Bank of England’s inflation calculator, to put them in today’s prices for easy comparison.]
How different things were a decade ago. Net Zero was not yet a thing, and the 2008 Climate Change Act required only an 80% reduction in emissions by 2050. Ed Miliband had just led the Labour opposition to a catastrophic defeat. Britain’s Referendum had not yet been called. Ahead lay the pandemic of authoritarianism, and in its wake, the price crisis and repolarisation of geopolitics, in which, following the coming and going of Trump 1.0, a senile president of the USA flirted with World War 3 and 90% of the UK’s news media couldn’t wait, and still regret the passing of his reign. Back then, in 2015, you could make a solid bet that things could only get worse, but you wouldn’t believe the detail if a time traveller had told you what the near future would bring. Most notably (for our purposes here), whereas virtually no controversy surrounded the climate agenda in the mainstream back then, now the legacy parties’ dominance of politics is being challenged by a party that is offering a reversal of the agenda, and is far ahead of them in the polls.
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You don’t say Sherlock, I wonder how they did that?
Very interesting. Be sure to send a copy to the Prof (Dorfmann?) who called you a pleb, or whatever, a week or so ago.
Any names we can add into this sorry tale, to make sure we know who the mud pies should be hurled at?
And is the MSM going to popularise this lucid exposure of how wrong TPTB got it?
The Guardian is eating major amounts of humble pie today, I hear…..those ice melts haven’t happened, the polar bears didn’t drown after all, might we even get one last mea culpa from Attenbore?
I assume the current cost of electricity from gas would be even lower if we were extracting our own.
Possibly not to the consumer, but the Government would get greater revenues directly from the producers and their supply chain companies and more people would be employed and pay income tax and VAT when they spend what’s left.
Edit: Sorry, forgot to mention the downside of the loss of thousands of Green jobs. Ha!
“Unreliable wind and solar energy sources displace affordable, dispatchable energy, compromise America’s electric grid, and denigrate the beauty of our Nation’s natural landscape. Reliance on so-called ‘green’ subsidies threatens national security by making the United States dependent on supply chains controlled by foreign adversaries,” the White House released in a statement. “Ending the massive cost of taxpayer handouts to unreliable energy sources is vital to energy dominance, national security, economic growth, and the fiscal health of the Nation.”
https://townhall.com/tipsheet/katiepavlich/2025/08/20/this-is-how-much-money-the-epa-was-spending-on-green-scams-n2662086?
All over the world, this deliberately immiserating scam has to be stopped.
It is an aspect of fuel pricing I had never particularly thought about until it was mentioned on GBNews last night. Robber Reeves is right up the proverbial creek without a paddle and cannot afford any reduction in income. The biggest profiteers from the supply of gas and electricity are the Government from the various levies and, of course, VAT. The higher the price is maintained, the greater the VAT take for our corrupt rulers, so it’s in their interest to fix the price at the highest level they can.
The higher the price of electricity the less it is used as companies scale back or close down and so the tax take is reduced. The dumb woman is considering breaking centuries of tradition by taxing your home in her search for more money to cover for her massive stupidity and incompetence. To non-morons a tax that only applies when you sell your home will bring the housing market to a halt to avoid paying it and in anticipation of Labour being slung out in due course. You do wonder if when she gets home they put a white jacket with long sleeves on her.
No doubt MPs will be exempt when they sell their “second homes” that they just have to buy. Why don’t they rent? Find out what it’s like for the real people they depise so much.
The CCC’s estimates for their Seventh Carbon Budget are even more absurd. They assume £38/MWh for offshore wind delivered in 2030, but AR7 is offering £117/MWh in 2025 prices for fixed bottom offshore wind and a staggering £280/MWh for floating offshore wind. Both with subsidy contracts extended from 15 to 20 years.
https://open.substack.com/pub/davidturver/p/the-ccc-reveal-their-errors?r=nhgn1&utm_campaign=post&utm_medium=web&showWelcomeOnShare=false
If the targets are not met, then the Climate Change Committee should be prosecuted and sent to prison.