Energy and climate change Clean and green, for a price The Economist

Energy and climate change Clean and green, for a price The Economist

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Unformatted text preview: O bje c t 1 <a href="http://ad.doubleclick.net/click%3Bh%3Dv8/3a9c/3/0/%2a/m%3B234771653%3B0- 0%3B0%3B41246023%3B3454-728/90%3B40396528/40414315/1%3B%3B%7Esscs%3D %3fhttp://clk.atdmt.com/DEN/go/268616682/direct/01/6930377" target="_blank"><img border="0" src="http://view.atdmt.com/DEN/view/268616682/direct/01/6930377" /></a><a href="http://ad.doubleclick.net/jump/teg.tdqk/skwo/a;subs=n;wsub=n;sdn=n;! c=17679633;dcopt=ist;pos=ldr_top;sz=728x90;tile=1;ord=949327348?"><img src="http://ad.doubleclick.net/ad/teg.tdqk/skwo/a;subs=n;wsub=n;sdn=n;! c=17679633;dcopt=ist;pos=ldr_top;sz=728x90;tile=1;ord=949327348?" width="728" height="90" border="0" alt=""></a> <a href="http://ad.doubleclick.net/jump/teg.tdqk/skwo/a;subs=n;wsub=n;sdn=n;! c=17679633;pos=sub_top;sz=223x90;tile=2;ord=949327348?"><img src="http://ad.doubleclick.net/ad/teg.tdqk/skwo/a;subs=n;wsub=n;sdn=n;! c=17679633;pos=sub_top;sz=223x90;tile=2;ord=949327348?" width="223" height="90" border="0" alt=""></a> Log in Subscribe Register My account Email address Password Remember me Forgot password? Digital & mobile Newsletters RSS Classifieds Help Thursday January 27th 2011 Search Home World politics All World United States Britain Europe Asia Americas Africa Middle East Business & finance All Business & finance Business education Which MBA? Ideas Arena Economics All Economics Markets & Data Science & technology Culture Site index Print edition World politics United States Britain Europe Asia LOG IN Americas Africa Middle East Clean and green, for a price Britain can have clean energy or cheap energy, but not both Energy and climate change Dec 9th 2010 | from PRINT EDITION O bje c t 2 O bje c t 3 DESPITE its reputation for wind and rain, Britain is not used to cold weather. Unseasonal snow over the past couple of weeks has blocked roads, shut airports, closed schools and brought the army out to help clear Edinburghs streets. Energy-watchers, meanwhile, have been fretting about the spike in energy consumption caused by the chill. On December 6th prices rose to a two-year high as Britain recorded one of its highest- ever levels of electricity demand. Such figures are in the news because Britain is facing an energy crunch. All but one of its nuclear stations, and about half of its coal power plants, will shut by 2023 and must be replaced. Left to its own devices, the market would replace them with natural gas, but the government has committed itself to eye-wateringly tough climate-change targets, aiming to reduce emissions of planet-heating gases by 2050 relative to their 1990 levels by 80%. To that end, ministers hope to encourage a mix of nuclear reactors and wind-, wave- and solar-powered electricity....
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Energy and climate change Clean and green, for a price The Economist

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