Missed opportunities:
The UK has ~30 million dwellings.
I read a while back that the average cost of fully retrofitting a UK home with insulation, heat pump and solar is of the order of £20k.
If that’s right the cost of retrofitting every UK home is in the region of £600 bn.
Funnily enough, that’s roughly the investment gap since 2008 relative to the level that Nicholas Stern said should be invested in decarbonisation.
And instead Labour are investing £0.9 bn per year in CCS
This entry was edited (1 week ago)
Jonathan Schofield
in reply to Jonathan Schofield • • •…leaving aside why the level of investment that Stern advocated for didn’t happen, one can see why investment directed *in that way* didn’t and doesn’t happen.
Retrofitting homes would primarily be an investment in people and small business rather than an investment in big business.
Incumbent behemoths that are in the process of dying get the investment, and you and I get peanuts
Jonathan Schofield
in reply to Jonathan Schofield • • •…Instead of investment in things that have predictable and quantifiable positive effects, we get investment into schemes which *do not work*, which big oil and gas have blackmailed and hoodwinked our governments into doing.
That’s capitalism!