My latest published at my Trending Central column (as titled above). For the full article go here but here's a taster:
The UK is not alone amongst democratic governments fearful of an electoral backlash over the heavy tax burden green energy commitments carry. The German Chancellor is facing pressure from its energy sector to review energy subsidies. Poland is proposing a switch from green certificates to competitive bidding. And, most famously, Australia is drafting legislation to abolish the country’s carbon pricing mechanism in 2014 in a bid to assuage the palpable anger over soaring energy prices.
It is going to be extremely interesting to see how UK Chancellor George Osborne squares this particular circle in his upcoming autumn budget statement. Especially as it is already known that Osborne is looking to transfer the £1.6 billion cost of the energy companies renewable energy obligation away from household energy bills. Yet Osborne, if not energy secretary Ed Davey, is only too aware how green energy subsidy has become a destructive “political football” for those parties in denial over public anger at the ‘unnecessary’ and unaffordable green levy on energy prices.