The UK Gov gives fossil fuel companies £914,000 in tax relief from the windfall tax for every £1 million they invest - but only for new oil and gas projects, not for new renewables. Yes you read that right..!
A short🧵
gov.uk/government/pub…
A short🧵
gov.uk/government/pub…
2/ Yet we know that 60% of existing reserves must stay in the ground for even a measly 50% chance of limiting heating to 1.5°C.
nature.com/articles/s4158…
nature.com/articles/s4158…
3/ What’s so frustrating is that a 100% energy system is feasible now. It will save us a huge amount on energy costs, and pay back fast.
UK has huge wave, tidal, and wind resources and could become leader, creating lots of good jobs.
thehill.com/opinion/energy…
UK has huge wave, tidal, and wind resources and could become leader, creating lots of good jobs.
thehill.com/opinion/energy…
4/ The Stanford study is not isolated. There’s a strong consensus in independent studies that a 100% renewables power system is feasible and cost effective.
We don’t have time to waste - politicians must catch up and stop listening to oil companies.
brookes.ac.uk/About-Brookes/…
We don’t have time to waste - politicians must catch up and stop listening to oil companies.
brookes.ac.uk/About-Brookes/…
5/ Intermittency is handled by having diverse complementary sources (wind, solar, tidal, wave, hydro, geothermal), by connecting countries into blocs (UK would be with Europe), with battery, hydro and hydrogen storage, and by time-shifting demand.
6/ If it’s so obvious, why aren’t governments going all out for this?
🚦‘Barriers to entry’. The fossil fuel cos are wealthy beyond imagination. They donate to politicians & are embedded in gov and even at COP.
🚦Lack of long term thinking
🚦Inertia
opendemocracy.net/en/dark-money-…
🚦‘Barriers to entry’. The fossil fuel cos are wealthy beyond imagination. They donate to politicians & are embedded in gov and even at COP.
🚦Lack of long term thinking
🚦Inertia
opendemocracy.net/en/dark-money-…
7/ There are undoubtably challenges, including resource availability.
That’s why we should invest now in energy efficiency. @CREDS_UK have modelled how UK can cut energy >50% without impacting quality of life - actually making it better!
low-energy.creds.ac.uk
That’s why we should invest now in energy efficiency. @CREDS_UK have modelled how UK can cut energy >50% without impacting quality of life - actually making it better!
low-energy.creds.ac.uk
8/ UK is setting terrible example globally by encouraging new fossil fuels against all the science advice.
Incredibly their OWN projections show UK missing key targets by a mile.
Where is the reporting on this? We have to act now whilst there’s still time to change course.
Incredibly their OWN projections show UK missing key targets by a mile.
Where is the reporting on this? We have to act now whilst there’s still time to change course.
9/ Instead let’s lead the way to a better future. Let’s make a legally-binding obligation to cut emissions in line with 1.5°C and restore nature - and take responsibility for our global footprint.
Please support the #CEBill & follow @cebill_now
zerohour.uk/take-action/
Please support the #CEBill & follow @cebill_now
zerohour.uk/take-action/
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