UK Politics

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UK government secures 131 clean energy projects in latest auction round (www.ft.com)

submitted 2 months ago by NotACube to c/uk_politics

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[–] FuckyWucky@hexbear.net 3 points 2 months ago* (last edited 2 months ago) (1 children)

The UK’s aim to develop cleaner energy has taken a step forward after 131 clean energy projects won state subsidy contracts in this year’s auction round — which the government said was enough to potentially power about 11mn homes.

For a Government which harps on about fiscal prudence they sure have the most inefficient ways of funding clean energy, subsidies.

They are already constrained by their self inflicted rules. Capitalists don't invest unless there is money to be made, it is a simple fact. The subsidies are just incressing capitalist profits.

Alternate way, setup a state owned energy company, hire workers directly. No capitalists parasite middlemen.

[–] thetreesaysbark@sh.itjust.works 3 points 2 months ago (1 children)

They already have plans to make a state owned energy company don't they?

https://labour.org.uk/updates/stories/labours-plan-for-gb-energy/

[–] mannycalavera 4 points 2 months ago

It's a state owned funding company for projects if I recall correctly. Not an actual energy company which is what people on the left want. For the state to run everything.