The growing gulf between £200 billion and reality

A piece of received wisdom has crept up on us over the past year or so. It is that the cost of replacing and uprating our energy generation and grid delivery capacity in the UK will be between £200 billion and £300 billion by 2030. Ministers now reel it off routinely as fact during debates in Parliament. I realised - if I had not done so before - that it had become "fact" when it appeared unsupported as a bullet point in a presentation by a Green Investment Bank adviser at a recent seminar I attended.

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