Rupert Darwall: Britain’s Net Zero Disaster and the Wind Power Scam

“This is not about complicated issues of cryptocurrency,” assistant U.S. attorney Nicolas Roos declared in the Sam Bankman-Fried trial, after accusing the defendant of building FTX on a “pyramid of deceit.” Much the same can be said about the foundations of Britain’s net zero experiment. Energy is complicated, and electricity is essential to modern society and our quality of life, but as with FTX, the underlying story is straightforward: wind power and net zero are built on a pyramid of deceit.

Net zero was sold to Parliament and the British people on claims that wind-power costs were low and falling. This was untrue: wind-power costs are high and have been rising. 

Matt Ridley: Britain's housing crisis is caused by the wrong kind of regulation

Sajid Javid, the Housing (etc) secretary, is right – and brave -- to go on the warpath about Britain’s housing crisis in his new national planning framework, to be launched today. Britain’s housing costs are absurdly high by international standards: eight times average earnings in England, 15 in London. A mortgage deposit that took a few years to earn in the early 1990s can now take somebody decades to earn. Average rents in the UK are almost 50% higher than average rents in Germany, France and crowded Holland.

Britain really is an outlier in this respect. Knightsbridge has overtaken Monaco in rental levels. Wealthy, crowded Switzerland has falling house prices and lower rents than Britain. Over recent decades, most things people buy have become more affordable – food, clothing, communication – and the cost of building a house has come down too. Yet the price you pay for it in Britain, either as a buyer or a tenant, has gone up and up.