Friday, 30 December 2011

How DECC fiddled its figures

Bishop Hill
"Tim Worstall has picked up on the DECC energy pathways report and notes something intriguing: although the costs of the individual elements of the energy mix in the new regime are acknowledged to be higher than at present, the overall cost is said to be lower! But Timmy has managed to work out how this particular piece of government mathematics works:"

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