Can Energy Rely on Green New Deal?

The Danish physicist Nils Boll said, "Prophecy is a very difficult matter, and it is even more difficult for future prophecy." However, what needs to be done now is to act in a timely manner to provide the United Kingdom with a clean, safe and sustainable energy system that will avoid the effects of climate change.

A few days ago, the British Minister of Energy and Climate Change, Chris Hoon, predicted that natural gas prices will not fall in the next 10 years. The government’s guarantee can persuade tens of thousands of homeowners to open their doors and welcome workers to save energy for their houses.

However, the soaring trajectory of energy prices has caused all politicians to sweat on their heads because they know that the price of natural gas and the price of electricity can most affect voters' nerves.

Hoon said that balancing the government's energy costs and environmental policies is more effective than doing nothing and giving the initiative to international oil prices. The average bill payment will be less than 7% in 2020.

This is based on the findings of the British Energy and Climate Change Bureau's projections for 2020. By then, the natural gas wholesale price will reach 68 pence/kcal and the oil price will reach 118 USD/barrel. The current prices are 65 pence/kcal and 107 pounds/barrel, respectively. All in all, with the rapid growth of the world's population and the increase in carbon pollution taxes, what will be the price of oil and natural gas with limited resources? Most people think that their prices will continue to grow.

Some hope for shale gas. According to the latest report from the International Energy Agency: By 2035, only 20% of gas will be obtained through hydraulic fracturing. It can be seen that shale gas cannot fundamentally solve the problem of gas sources.

Hoon listed the costs and benefits of government-related policies. This can only mean that the discussion on energy costs is simply misleading.

Part of the energy savings results from the Green New Deal, and the government plans to increase the efficiency of household energy use. This measure is necessary because it solves the problem that some people do not have enough funds to carry out energy-saving home renovations. At the same time, residents are encouraged to use ** to improve the energy efficiency of their homes. According to this decree, residents can also repay this by paying their energy bills.

But the key to the problem is to take action. In fact, residents’ response to this measure is not positive. The British Energy and Climate Change Bureau believes that this is because residents are worried that allowing installers to enter the house is equal to the policy makers who are authorized to the Green New Deal. This kind of worry is not redundant. Can the government gain the trust of the people and implement this policy smoothly?

It seems that Hoon has stopped publicity and promotion of this policy and claimed that the promotion of the policy has effectively enhanced the public's awareness of energy conservation. He did so only to reduce government spending.

One of the reasons for attracting the British public to participate in the project is the government’s £150 subsidy. However, these subsidies are no different from the ** interest rates. Other measures to mobilize the enthusiasm of the people are also crucial, such as the reduction of municipal construction fees and stamp duties. Whether these measures are effective is still unknown.

There are also many concerns about the green program, such as the unclear target of the policy, whether it can solve the difficulties of poor residents and whether the collection of interest will be too high.

Grieg Buck, Minister of State for Energy and Climate Change of the United Kingdom, stated with ambitious claims: “By 1400, 14 million households will participate in the green program.” But recently, the forecast time has been pushed back. With insufficient government confidence and reduced credit, how can we ensure that the energy bills and carbon emissions after the implementation of the New Deal can be controlled?

Approximately 1/4 of the £1.3 billion eco-tax revenue each year will be used to help low-income families get out of trouble. The rest of the eco-tax will be subsidized to the green scheme** to help those who carry out home energy-saving projects. However, because the taxes paid by the people are concentrated in the hands of relatively rich people, they are repulsed as a retrogressive policy.

According to the proposal of the Green New Deal-related financial company, the interest rate it issued should be lower and more attractive.

In short, the major trend of the Green New Deal is positive. However, facing the uncertainty of the New Deal, Hoon has weighed the risks and made a decision. With regard to the future cost of energy, whether or not the UK can get rid of its dependence on fossil fuels is the best policy.

The potential benefits of Green New Deal are still good, such as warm homes, stable utility bills, high security of energy security, and measures to cope with global warming. Inaction, erratic bills, erratic energy supplies and bad weather are the most uncertain factors.