Investment for the future has come to light this week, both at home and abroad. The Department for Energy and Climate Change (DECC) has announced a prospectus for the development of a marine energy park in the South West. Further parks are envisaged in Scotland at the Pentland Firth and in Orkney.
Marine energy is thought to have the potential to generate between 150MW and 300 MW by 2020, contributing £15bn to the economy by 2050 and in doing so creating thousands of jobs and a source of low carbon electricity.
It is good to hear that the ‘greenest government ever’ is doing something tangible at last to maintain its image even if that image has been tarnished by statements such as George Osborne’s claim that environmental policies might hold back economic development. It is quite obvious that the opposite is true.
In New York, the Roosevelt Tidal Energy Project, will provide a series of tidal turbines on the East River comprising 35 generators by 2015 if environmental impact studies on people and wildlife prove to be minimal in effect. This is great news alongside US President Barack Obama’s decision to ban the import of oil from tar sands in Canada, the world’s dirtiest fuel.
All we need now is further investment in renewable energy projects, money for the Green Bank to lend, a Green Deal to make homes more energy efficient, strong carbon emission targets and for the government to forget all about a new airport in the Thames!
George Osborne is a politician how is he ever going to know such things as Ownership, unearned profit, extent of profit, and obfuscated relationship to (or role over) government, in collusion with the Central Bank‚ then smaller purported High St Banks‚ The larger issue yet is how they have obfuscated currency, and the consequences of that obfuscation.
ReplyDeleteKnow this any purported economy‚ subject to interest ultimately terminates itself as a consequence of these obfuscated currencies, which first require that we maintain a vital circulation (against inherent, perpetual deflation of interest and principal, paid out of the general circulation); and thus inherently and irreversibly multiply artificial sums of debt in proportion to the circulation (and capacity to service debt), as we are forced to re-borrow principal paid out of the general circulation as subsequent sums of debt, equal to the prior sum of debt; and as we are forced furthermore to re-borrow interest then as *new* sums of debt‚ perpetually increasing the sum of debt at ever escalating rates of ever greater sums of periodic interest on an ever greater sum of debt, so you see having a Green Bank to lend what..??? Please if the Green party are really Serious about these matters maybe a dialog should be opened.