Globalisation:Global Warming Policy Foundation: Views on renewable energy investment
The GWPF have many views on renewable energy investment. One view is that they do not believe that renewable energy is the solution to climate change as they argue that it costs two or three times more as conventional energy. They hold the view that soon conventional energy will became scarce and therefore will be in competition with renewable energy but that money should not be spent on renewable energy before it needs to be. They feel that countries who are “forcing the process of competition between conventional energy and renewable energy” - using renewable energy before it is essential – are doomed in the future as they will not continue to be competitive as the products of renewable energy will increase in price.
However, a question that most will ask is: is it not an intelligent act to invest now in renewable energy and develop it throughout the years to improve it before the shortage of conventional energy takes place? The answer which the GWPF gives to this question is that there will always be companies who are constantly developing and thinking of new ways to create energy therefore the development process is still taking place. However, they believe that if the government funds these alternative means of energy, the competitiveness of the countries will be destroyed. [1]
On the case of nuclear power, the GWPF claim that this was created not for economic purposes, but for security reasons. They claim that nuclear power is not a good source of renewable energy due to the fact that actually it costs more than conventional energy such as fossil fuels and is not sustainable.
They hold the view that everyone should just buy the energy which is cheapest until the conventional energy has run out and then renewable energy could then be an option. The GWPF do consider the fact however that environmental protection is important for a process like this to take place and do take into account that developed countries will find this easier than developing countries who will be impacted more by climate change.
