Rising interest rates also make other large infrastructure projects dead on arrival. Large onshore windfarms are probably ok (although a few of those probably got killed as well), but offshore is a bigger risk so I am not surprised.

It's a bit strange to rally against cherry-picking and then referring to projects outside of relevant jurisdictions. For some reason we cannot replicate their results, we can have it as a goal perhaps but as a basis for a cost calculation I would opt for jurisdictions that are home or close to home (in a cultural sense).

> Also, this assumes dollar cost is the only relevant factor which is deeply unserious considering that we're dealing with a global long-term issue.

For investors it is the only relevant factor, which is what you initially replied to.