Nick Geddes retweetledi
Nick Geddes
589 posts
Nick Geddes
@NickGeddes3
Pro planet and people. #energypolicy #systemdynamics #systemthinking
Katılım Eylül 2019
1.7K Takip Edilen182 Takipçiler
@s8mb @ACJSissons @CambeulJan @thefutu72197429 @nickcroom You wouldn’t build nuclear to act as the flexible filler for renewables. Baseload does not equal good. Flexible and depatchable does…and that isn’t nuclear
English
@ACJSissons @CambeulJan @thefutu72197429 @nickcroom FWIW, I think this would be a great project for Nesta and other orgs interested in moving to clean energy - unpicking what it is that makes UK nuclear costs so expensive compared to South Korea's, and figuring out how we can get those costs down.
English
I've been trying to understand this chart, via @s8mb, for a while.
It shows UK electricity prices for businesses increasing a lot since 2004 (which is true and bad).
Many people assume this is linked to the switch to renewable electricity.
But I don't think that's the cause...
English
Nick Geddes retweetledi
Just a reminder of perhaps the best electric vehicle advertisement of all time, from Nissan.
English
@BenChu_ Thanks for the analysis Ben and agree with it all. What’s your view on GDP as a measure of economic performance? So many flaws noted in @DianeCoyle1859 ‘s writings - should we not have a proper public discussion over its value in driving decisions and measuring progress?
English
OK, this @hmtreasury tweet needs a little context...🧵
HM Treasury@hmtreasury
Analysis from the @IMFNews has found that since 2010, Real GDP in the UK has grown faster than in comparable European nations such as France, Germany, Italy or Spain. We are committed to continuing to grow the economy and provide economic opportunities for people across the UK.
English
@KateRaworth @RestIsPolitics @campbellclaret @RoryStewartUK I.e. “Explain how our current economic model can be sustained in the medium-term.” That this isn’t the starting question, suggests a lack of acceptance there is a problem looming or something else…? pca.st/episode/f0441c…
English
@KateRaworth brilliant on @RestIsPolitics with @campbellclaret & @RoryStewartUK. Still amazing in 2023 that the question isn’t, by default reversed, so politicians/economists are required to answer, “how will you maintain a society overreaching earth’s carrying capacity?”
English
@JeremyNic666 @EdConwaySky What’s in the “etc” box? We’ve not attracted any new industry, only lost it. The ones that have remained are supported by government. Services (e.g., finance) are a historical artefact. So the free market story, remains just that. Suggests we should humbly be open to other models
English
@NickGeddes3 @EdConwaySky Plenty - aerospace, pharmaceuticals, etc, have been especially successful. Though UK advantage is more typically in services rather than industry.
English
As the UK invests “hundreds of millions” in the green Industrial Revolution, the US is investing hundreds of BILLIONS.
As a % of GDP, UK is investing far, far less than most comparable nations.
True: it was early on things eg CfDs for wind.
But it’s now well behind the pack
Andrew Bowie MP@AndrewBowie_MP
What a complete load of nonsense. This Prime Minister and this government are investing *hundreds upon hundreds of millions* in revolutionary new technologies, supporting innovation, driving fwd our new nuclear programme and going faster on Fusion tech than any comparable nation
English
@JeremyNic666 @EdConwaySky I think the point is it’s an example of an alternative model which was highly successful - see Japan’s car industry. Sometimes evidence is more compelling than economic stories. When was the last UK industrial success story…?
English
@NickGeddes3 @EdConwaySky Sounds like an outstandingly daft strategy - the costs of protectionism/subsidising industrial production are huge. Still, if other countries wish to subsidise their exporters we would be mad not to take full advantage of their generosity.
English
@JeremyNic666 @EdConwaySky Yes. That was the economic strategy. Protectionism followed by gradual exposure to international competition, followed by international competitiveness and long-term success. The story of free markets is a powerful and empirically thin one. Maybe things don’t pop up from nothing
English
@NickGeddes3 @EdConwaySky I'm afraid not; were these subsidised industries?
English
@JeremyNic666 @EdConwaySky @JeremyNic666 have you ever studied the rise of South East Asian economies? “Wild Geese Flying” and Charles Gore’s writings about how domestic industries were developed into internationally competitive ones.
English
@EdConwaySky If it's cheaper to produce turbine equipment elsewhere, why would you want to spend public money subsidising its production in UK?
More sensible to address competitiveness gap in industrial energy costs v US & others that disadvantages UK/EU manufacturing, green or otherwise.
English
@s8mb Why are technology R&D and deployment mutually exclusive? Part of innovation is in the technology deployment (I.e., business model innovation, software, integration) and somewhere has to provide the demand pull - you run into a coordination problem if leaders pull back ambition.
English
The upside from, eg, developing a small modular reactor that's safe, cheap and mass produceable is vastly higher than the upside from focusing on installing heat pumps and building more wind turbines, because the former makes it easier for the whole world to decarbonise.
English
Good piece.
It hits on a bigger point. If "Net Zero" just means cutting UK emissions, its ceiling is cutting global emissions by 1.1%. It should be much more ambitious – about developing tech that makes the whole world's decarbonization cheap and easy.
telegraph.co.uk/news/2023/06/2…
English
@JeremyNic666 @clim8resistance VW ID3 vs Golf. Comparable model list prices, £25k Golf and £31k ID3. Currently at motorway driving my ID3 costs 6.5p per mile. Petrol currently at 145p a litre. Assume 50mpg on motorways. 13.2p per mile. So over 100,000, TCO is £38,200 (Golf) & £37,500 (ID3). Comparable
English
@JeremyNic666 @clim8resistance Even at current power & petrol prices, my EV per mile cost is under half that of a petrol car (assuming 50mpg and EV under motorway driving, where it is less efficient). The opex/caper trade off factors in, but the sniff test suggest that for TCO it is already competitive/better
English
Boring green-v-green side issue.
I can't afford and don't want an EV. The economics don't stack up. I don't believe the claims. And if any of the positive claims were true, the market would be allowed to decide, not policymakers.
GB News@GBNEWS
'Nobody is going to take batteries into landfills... nobody is recycles oil.' @QuentinWillson joins @MrMarkDolan to explain why he disagrees with Rowan Atkinson's article in The Guardian, where he said he "felt duped" by the supposed environmental benefits of switching to an EV.
English
@JeremyNic666 @clim8resistance When you say not competitive, on what basis? Total cost of ownership?
English
@clim8resistance EVs aren't yet competitive with ICEs but there's a v. good chance they will be (absent subsidies) within next 5-10 years, at which point the market will do its thing.
I've driven a couple - quiet, smooth, astonishingly good acceleration - and an off road bike too (enormous fun!)
English
@LangridgeAdam @Emericdevigan Not at all. It’s a massive opportunity in the medium term for storage providers and flexible demand
English
Let's face it : renewables are good, but when they are all producing at the same time, in a depressed demand environment, it raises challenges.
Spot price for Sunday 28th of May going negative at lunch time:
English
If you watched MNF do you think feel more positive about VAR than you did previously
English
@SkySportsPL @GNev2 good segment on VAR tonight. Why are we so obsessed with getting every single subjective decision “right”? It’s impossible and our efforts to try are ruining other parts of the game (ie being a fan).
English
@alanbeattie @rbrharrison Agree. 2010’s problem was aggregate demand deficit - that is not the problem of today. Osbourne and Truss both misunderstood the problem and policy response (analysis overridden by ideology in both cases).
English
This is a BBC economics journalist expressing fringe economic views (essentially pure MMT) that have been tested to destruction within the last year!
The truth is that fiscal policy is already about as loose as it can sensibly be given future risks around debt sustainability.
Andy Verity@andyverity
As long as we labour under the delusion that financial choices are the same for a government as they are for households or firms, who don't have a bank or a money printing machine in their front room whenever they need to spend, we'll be having the wrong conversations.
English
Nick Geddes retweetledi
The world’s 1st octopus farm would cram a MILLION of these smart and sensitive creatures into tiny tanks before painfully freezing them to death – but a massive public outcry can help stop it. Sign and share now! #BanOctopusFarming fb.avaaz.org/campaign/en/ba…
English
@chriskeating @guynewey @power_evergreen @RichardHalsey We have a Mitsubishi heat pump and by all accounts they won’t let controllers be applied. There seem to be a lot of integration issues at various levels which make the consumer experience more challenging that it should be
English
@guynewey @power_evergreen @RichardHalsey the more I lurk in heat pump facebook groups, the more convinced I am that controls is a big actual and potential issue in heat pump adoption. Behind every unhappy customer horror story there seems to be either a flawed install or a poor control setup...
English
