Comments by "Greg Greg" (@SlowhandGreg) on "Net Zero report is 'embarrassingly wrong,' James O'Brien discovers | LBC" video.

There's an official OBR government report on this Quote The OBR concludes: the debt impact of future volatility in gas prices is at 13% of the UK gross domestic product (GDP) to 2050. This dwarfs the debt impact of 6% of GDP for investing in net zero. Second, it investigates the potential of new, growing energy solutions to cushion price volatility Quote With the energy price cap below £1,300 throughout 2021, UK households spent around £30 billion on energy during the year. In 2023 the projected spend is around £170 billion. This is equivalent to more than doubling the basic rate of income tax from 20% to 45% or almost doubling VAT from 20% to 38%. Just over 6% of GDP Dogger bank OffShore wind produces as much as Hinkley C Dogger Bank costs 9 Billion to build Hinkley C build Costs 33 Billion 3 years late and has subsidies over 35 years of 30 Billion
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@user-sd3ik9rt6d not 60 + billion you could build a tidal system for less Qoute ‘Europe’s biggest’ battery in East Yorkshire opens The project has the capacity to store enough energy to power around 300,000 homes in Yorkshire for two hours It's not that big it only cost 75 million but it doesn't need staffing it's turbines aren't idling ready to fire up and can take in solar as well as wind I'd also add modern turbines spin in winds as low as 8mph and when you look at reports of a no wind day the stats are still putting in around 1/2 total capacity
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@janickpauwels3792 I could run 90% of the time off grid if I had a battery How you may ask I added an extension last year and refurbished my house to A+ standard double insulated + underfloor heating on the ground floor which hasn't tripped on since April. My solar far outstrips usage at the moment (I have gas heating but hot water is solar thermal) It's not just about big windmills there's tech around to use EV batteries for grid stabilisation with V2G offering low off peak in exchange
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@spotcatsteve3752 indeed apply logic I installed thermal solar last year 75% of hot water is now free. Accounting for capital costs it's paid for itself in 8 years aaaand less if inflation keeps as it is. This is the economics of net zero
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@tyromenobber-fb2ls that whole tirade is completely delusional. Our economy isn't growing. We have a whole service and banking sector disconnected from 90% of the population. Who cares if banking profits are up and let's also be aware that part of that economic growth is the increase from 30 to 170 billion spent on energy costs.
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