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David Turver's avatar

https://open.substack.com/pub/davidturver/p/exposing-the-hidden-costs-of-renewables?utm_source=direct&r=nhgn1&utm_campaign=post&utm_medium=web

I have covered the hidden costs of supposedly cheap renewables in my new substack.

Have you ever wondered why the UK has the highest electricity prices among its economic competitors despite spending billions on renewables?

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Pandreco's avatar

When you provide cheap money you create market distortions. This has been seen in the crazy Tech and Crypto worlds where money was thrown at anything with a half decent pitch deck. Even in oil, the hyper low interest rates drove the shale boom. The flip side is that cheap money goes into sub-economic projects. Eventually though the money wises-up and the economic reality reasserts itself. But as you say, in the meantime, huge damage is done and grifters will extract unimaginable rent from joe public.

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