Matt Ridley on productivity and energy

Productivity is one of Britain’s problems, but in the vital energy sector policies are making things worse not better by forcing in technologies such as wind and solar that are of low productivity and whose intermittency harms the overall productivity of the electricity sector. That is dangerous. If we learn anything from the Industrial Revolution it is that improvements in energy sector productivity are the elixir of growth, while a massively over-capitalised system of low productivity, like the one we are now building, will lead to national poverty.

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