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 ...Zum vollständigen Artikel

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