http://www.energymarketprice.com/SitePage.asp?act=NewsDetails&newsId=21528
[Meanwhile, UK subsidies for fossil fuels are locked in until at least
2020 and likely longer, and are actually being increased, with
foreign-owned companies - including Russian companies - as the primary
beneficiaries to the tune of tens of billions of pounds.
https://www.theguardian.com/environment/2015/nov/12/uk-breaks-pledge-to-become-only-g7-country-increase-fossil-fuel-subsidies
http://www.independent.co.uk/news/uk/politics/uk-government-pays-6bn-a-year-in-subsidies-to-fossil-fuel-industry-a6730946.html
Graph of UK clean energy investment by year in on-line article is
interesting.]
UK investment in renewables will decline by 96% by 2021
21/11/2016
Investment in renewables in the UK is likely to decrease by 96% by 2020/21.
Total investment in domestic energy efficiency reduced from £1.5 billion
to £0.7 billion in 2015 and the number of energy efficiency measures
installed in homes dropped by 80% in the same period. That’s because of
existing energy policies, according to ecological groups. In a report,
six groups comprising Green Alliance, RSPB, WWF and Greenpeace are
requesting new investment in low carbon projects in the government’s
next Autumn Statement. The organisations also inform that plans to
construct a third runway at Heathrow Airport will lock the UK into high
carbon development. The groups suggest that the government should assign
an additional £2 billion funding to back low carbon electricity post
2020 and funding to scale up low carbon heat technologies. They also
recommend to continue to sustain people in acquiring ultra-low emission
vehicles beyond 2018 and expand a national network of publicly
accessible low carbon charging points. They believe if the government
backs clean technologies, the renewables industry might attract £47
billion in new investment from 2021 to 2026 and retrofitting the UK’s
housing stock to increase its energy efficiency could unlock £73 billion
and sustain 86,000 jobs a year. Moreover, new investment in skills and
infrastructure for EV and independent vehicles could benefit the nation
with £51 billion a year and 320,000 new jobs by 2030. According to the
IEA, countries across the globe require to make an investment of an
extra $23 trillion (£19.8tn) in energy efficiency.
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