How things that need constant subsidies could generate wealth is known only to frequent visitors to Cloud Cuckoo Land. Has this former ‘green energy’ lobbyist never heard of Ponzi schemes? Suffice to say they tend to end badly for the ‘investors’, at least the ones who stay in too long.
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The Liberal Democrats want the government to use profits from green infrastructure projects to create a new fund for climate action and green jobs, reports BBC News.
Leader Sir Ed Davey put forward his “sovereign green wealth fund” proposal at his party’s spring conference.
He said the government raised £9bn last month from auctions to build wind farms on the coasts of England and Wales.
Sir Ed wants money from projects like this to be invested “to grow our green wealth even further” in the UK.
The party leader told the conference: “This green wealth doesn’t belong to Rishi Sunak, or the Tories. It belongs to the British people.
“So I say, let’s invest it in a sovereign green wealth fund. Let’s invest this windfall from wind power into more climate action, to build new infrastructure and attract more private investment.”
He said by using the money to invest in green technologies – such as tidal power and hydrogen – the UK could “grow our green wealth even further” and create “thousands of manufacturing jobs”.
Full report here.
via Tallbloke’s Talkshop
March 21, 2021 at 12:09PM