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The High Cost of the United Kingdom’s Energy Policy (Helm study indicates mainstream concern)

By Mark Ahlseen -- May 15, 2018

“Dieter Helm of the University of Oxford estimates that, regardless what the benefits of emission reduction are, the government policies have wasted around £100 billion ($136 billion) to date, and the waste will continue to rise unless reforms are made. He is particularly concerned that the government picks which new technologies to back, leading to regulatory capture by special interests.”

This century, the government of the United Kingdom has adopted an energy policy designed to reduce the use of fossil fuels, especially coal, to generate electricity and replace them, as much as possible, with renewables, especially wind.

What has been the impact on its citizens? Is the policy wise?

Dieter Helm, Professor of Energy Policy at the University of Oxford, performed a review of the UK’s energy policies, released last fall.…