Montag, 14. Oktober 2013

UK Government responds to Committee on Climate Change and delivers record investment in energy infrastructure by 2020

(LEXEGESE) - According to the Department of Energy and Climate Change (DECC), the UK is on track to reduce emissions by 34% by 2020 as a result of UK Government reforms to move to a low-carbon economy. The UK is the first country in the world to provide investors with certainty over funding levels for low-carbon generation through to 2021. 

The UK Government published for consultation details of how its reforms to the electricity market will be implemented. This shall bring on new low-carbon forms of power generation including from renewables, new nuclear and gas and will - according to DECC - make a major contribution to meeting carbon budgets. 

Record levels of investment have already been made by the private sector in new energy infrastructure with an estimated £35 billion invested since 2010, and it is estimated that a further £110bn is needed between now and 2020.

The UK Government set out actions it is taking in a number of areas to reduce greenhouse gas emissions. This include:

  • Reforming our electricity market to attract investment in low carbon electricity generation while maintaining security of supply and minimising consumer bills.
  • Encouraging the uptake of energy efficiency measures through the Green Deal and Energy Company Obligation, and providing more support to fuel poor households.
  • Building a market for renewable heat through the Renewable Heat Incentive
  • Publishing an energy efficiency strategy and announcing a £250 million Energy Intensive Industries package to ensure that UK companies can remain competitive during the shift to a low carbon economy.
  • Committing over £500 million to support the switch to the latest Ultra Low Emission Vehicle technology and £37 million of funding for plug-in vehicle charging infrastructure across the UK.
  • Continuing to push for the EU to raise its ambition by moving to a tighter 2020 emissions target.
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