Sunday, 10 September 2023

No 266: Why There Will Be No New Wind Farms in the UK

ALL countries see wind power as a crucial way to reduce CO2 emissions and the UK has been one of the pioneers in this kind of energy.

However, at this year's UK government auction, no firms at all chose to bid for contracts to provide new wind farms.

Why this was is a very interesting Economics lesson about the right and wrong ways to set up markets and prices: https://www.theguardian.com/environment/2023/sep/08/what-went-wrong-at-uk-governments-offshore-wind-auction

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