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Wind turbines: Green energy will cost £120billion by 2020 say researchers (Eco news)


Wind turbines: Green energy will cost £120billion by 2020 say researchers
Daily Mail reported

A rush to green energy by spending billions covering much of the countryside with wind turbines would be an expensive blunder, a damning study has found.

Professor Gordon Hughes of Edinburgh University said the massive programme will cost consumers £120billion by 2020 through higher bills.

This is almost ten times more than the £13billion it would cost to generate the same amount of electricity from efficient gas-fired power stations, according to the leading energy and environment economist.

Supporters of wind power insist the key benefit is that it allows a huge reduction in CO2 emissions, in line with EU obligations.

This is challenged in the study, which suggests the switch to wind will actually deliver only a tiny reduction.

The report is published by the Global Warming Policy Foundation, a think-tank devoted to challenging conventional wisdom about climate change. GWPF’s chairman is the former Tory Chancellor Lord Lawson and its findings are backed by Lib Dem peer Emma Nicholson.

Professor Hughes said families are being forced to subsidise wind farms through their bills.

Meanwhile business energy costs are also being driven up, so harming their profits and ability to invest and grow.

By contrast around a dozen landowners who allow wind farms to be erected on their property are to share an £850million subsidy windfall.

A wind turbine generating £150,000 of electricity a year is eligible for ‘monstrous subsidies’ of £250,000 a year.

Professor Hughes warned: ‘Unless the Government scales back its commitments to wind power very substantially, its policy will be worse than a mistake, it will be a blunder.’

Wind farm support stems from a pledge in the 2008 Climate Change Act for a 34 per cent reduction in CO2 emissions.

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