Welcome to Matt Ridley's Blog

My article for National Review:

If you judge by the images used to illustrate reports about energy, the world now runs mainly on wind and solar power. It comes as a shock to look up the numbers. In 2019 wind and solar between them supplied just 1.5 percent of the world’s energy consumption. Hydro supplied 2.6 percent, nuclear 1.7 percent, and all the rest — 94 percent — came from burning things: coal, oil, gas, wood, and biofuels.

As Mark Twain might say, reports of an energy transition away from combustion as a source of energy are greatly exaggerated. True, carbon-dioxide emissions are rising more slowly than energy consumption, but that is mainly because gas is displacing coal. The rise of renewables has so far not even compensated for the recent decline of nuclear — a decline renewables have contributed to causing because intermittent renewable energy hits the profitability of nuclear power hardest. Nuclear cannot be easily switched on and off.

My article for The Telegraph:

Our fearless leader has descended from the mountain with a 10-commandment plan for a green industrial revolution. At a cost of £12 billion, he will have all Britons driving electric cars powered by North Sea wind turbines and giving up their gas boilers to heat their homes with ground-source heat pumps. He will invent zero-emission planes and ships. This vast enterprise will create 250,000 jobs. I am a loyal supporter of the prime minister, but this Ed Miliband policy makes no sense any way you look at it. Here are 10 reasons why.

First, if it’s jobs we are after then spending £48,000 per job is a lot. Cheaper, as Lord Lawson put it, to create the same employment erecting a statue of Boris in every town. Anyway, it’s backwards: it’s not jobs in the generating of energy that count but jobs that use it. Providing cheap, reliable energy enables the private sector to create jobs for free as far as the taxpayer is concerned.