junesim63,
@junesim63@mstdn.social avatar

Today’s Resolution Foundation report 'Electric Dreams' highlights the effect continuing high interest rates will have on Britain's green transition. The Bank of England should take note.
#ClimateEmergency #Energy #Inflation #InterestRates #UKPolitics #Economics

Higher interest rates could add £29 billion to household energy bills so Britain needs a plan to deliver an energy investment surge that protects lower income households • Resolution Foundation
https://www.resolutionfoundation.org/press-releases/higher-interest-rates-could-add-29-billion-to-household-energy-bills-so-britain-needs-a-plan-to-deliver-an-energy-investment-surge-that-protects-lower-income-households/

SiR_GameZaloT,
@SiR_GameZaloT@paktodon.asia avatar

@junesim63 this article by a researcher from the University of Bath makes a similar point for #Pakistan, but less toned-down

The gist is, the way capitalism (finance) is structured is making sure no renewables transition occurs, despite a fall in generation costs. The solution is gov led and funded transition

The only difference is the #UK can afford either path, but Pak can only afford green

https://paktodon.asia/

#RenewableEnergy #ClimateChange #ClimateCrisis #Solar #Wind #CostOfLiving

junesim63,
@junesim63@mstdn.social avatar

@SiR_GameZaloT Do you have a link to the article?

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