Wednesday, September 29, 2010

Peak oil now mainstream in UK?

It would appear that the issue of peak oil is coming into the mainstream consciousness in the UK as Energy Secretary Chris Huhne has now asked his ministry to look at the likely impact that 70's style spikes in oil prices would have on the UK economy, as reported by The Telegraph.

I think it is commendable that the UK is paying attention to the issue of energy security despite the problems that their economy and financial system are facing. In 2010, government, industry and academia in the UK have all published studies on the impact of peak oil on the UK economy. As such, they are much further ahead than Singapore is terms of generating awareness of the issue amongst the public.

In terms of mitigation steps, after implementing the largest offshore wind-farm in the world, the UK government is now willing to work on a compromise deal that will promote the use of nuclear energy, another low-carbon energy source.

Now, what can we do here?

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