{"id":3405,"date":"2013-12-13T15:17:34","date_gmt":"2013-12-13T14:17:34","guid":{"rendered":"http:\/\/www.theoillamp.co.uk\/?p=3405"},"modified":"2013-12-13T15:17:34","modified_gmt":"2013-12-13T14:17:34","slug":"one-thing-we-have-learnt-this-week-cost-of-living-crisis","status":"publish","type":"post","link":"https:\/\/www.theoillamp.co.uk\/?p=3405","title":{"rendered":"One thing we have learnt this week – cost of living crisis"},"content":{"rendered":"

The row about energy prices and the cost of living crisis rumbles on. There has been one interesting intervention this week from the independent committee on climate change. They say<\/a> that;<\/p>\n

“The budget provides insurance against risks of dangerous climate change and rising energy bills. It offers significant cost savings relative to a path where action to reduce emissions is delayed until the 2030s. We estimate that the saving could be over \u00a3100 billion in present value terms under central assumptions about fossil fuel and carbon prices, allowing for expected impacts of shale gas; in a world of high fossil fuel prices, the benefit could be as high as \u00a3200 billion. Even with low fossil fuel or carbon prices, the budget would offer a cost saving compared to an alternative path where action to reduce emissions is delayed”<\/em>.<\/p>\n

and that<\/p>\n

“In the long run (e.g. after 2030) the budget offers benefits in terms of lower electricity and energy prices than would ensue without early decarbonisation<\/em>“,<\/p>\n

So there we have it, switching to a low carbon economy using renewables could lower bills in the long term.\u00a0 The problem we have is that the cost of living crisis is only partly about costs.\u00a0 The bigger problem is to do with incomes. Median incomes have been falling over the last five years in the UK<\/a>. In fact its worse than that.\u00a0 Median incomes for those at the bottom and middle of the pile have not risen very much for twenty years or so.\u00a0 Another part of the cost of living crisis is food and whilst politicians mention this they are not offering any solutions on this one.\u00a0 You may be almighty bored by this one but don’t expect any end to the cost of living crisis issue soon.\u00a0 Is there any one you can help this Christmas?<\/p>\n

A range of energy efficiency options and some ideas on food can be found in our book<\/a>.\u00a0\u00a0 Have a happy Christmas.<\/p>\n

Neil<\/p>\n","protected":false},"excerpt":{"rendered":"

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