Macroeconomics: UK economy, IB Economics
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Macroeconomics: UK economy, IB Economics
A brief overview of relevant articles for IB and A-Level all relating to the UK economy
Curated by Graham Watson
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Britain was promised a bold and visionary energy plan. But we’ve been sold a dud | Jim Watson | The Guardian

Britain was promised a bold and visionary energy plan. But we’ve been sold a dud | Jim Watson | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
One of Britain’s top scientists says the new power security strategy does little to help people or the planet
Graham Watson's insight:

Another critical view of the energy strategy, which claims that it neither provides energy security, nor does enough to meet our climate change targets. And it may have a point. 

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Will the UK's energy strategy work?

Will the UK's energy strategy work? | Macroeconomics: UK economy, IB Economics | Scoop.it
The plan aims to increase UK electricity generation from nuclear, wind, hydrogen and solar sources.
Graham Watson's insight:

Simon Jack's response to the energy strategy highlights its biggest flaw: the whole thing is predicated upon increasing energy supply, with scarcely any attention being paid to reducing the demand for energy by looking at energy efficiency. And that's a missed opportunity. 

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What might the UK energy strategy contain and how feasible are options? | Energy industry | The Guardian

What might the UK energy strategy contain and how feasible are options? | Energy industry | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
On top of targeting net zero and high energy bills, UK aims to reduce exposure to Russian oil and gas
Graham Watson's insight:

It could be Microeconomic, it could be Macroeconomic, but either way, this week sees the announcement of the government's energy strategy, and Rob Davies speculates in today's Guardian about what it's likely to contain - the mix of investment in renewables, nuclear and more traditional power will determine the economy's energy security going forward and, by definition, have massive supply-side implications. 

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‘Major misjudgment’: how the Tories got their energy strategy so wrong | Energy | The Guardian

‘Major misjudgment’: how the Tories got their energy strategy so wrong | Energy | The Guardian | Macroeconomics: UK economy, IB Economics | Scoop.it
Analysis: betting big on nuclear, hydrogen, oil and gas while passing over energy saving measures, Johnson’s plan is a huge missed opportunity
Graham Watson's insight:

The Guardian's energy editor with a damning indictment of the government's energy strategy, in line with the general criticism. He argues that the focus on nuclear power, and hydrogen and fossil fuel production and lack of concern about energy efficiency border on the criminal. 

 

In particular, he's scathing about the degree to which the Prime Minister is committed to investment in hydrogen. You would have thought that the man who wanted a Thames Estuary airport, a garden bridge in London and was apparently pondering either a bridge or tunnel connecting the UK with Northern Ireland, might reflect upon his capacity for picking winners. 

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Energy strategy: UK plans eight new nuclear reactors to boost production

Energy strategy: UK plans eight new nuclear reactors to boost production | Macroeconomics: UK economy, IB Economics | Scoop.it
The government wants to boost UK energy production and independence as household bills soar.
Graham Watson's insight:

As trailed earlier this week, the government's energy strategy is placing increased emphasis upon nuclear power, with a commitment to build new nuclear reactors to guarantee the economy's energy supply in the years ahead.

 

Only one problem. It takes around a decade for a new nuclear plant to come onstream. And in focusing on nuclear power, critics argue that the government has missed some low hanging fruit as regards renewable energy and energy efficiency, such as improving the insulation of the the nation's homes. 

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