Huhne announces 50% carbon reduction by 2025.

mattEnergy Efficiency, Utilities Market Regulation

Energy Secretary Chris Huhne has committed the UK to halving carbon emissions by 2025, from 1990 levels. The Energy Secretary announced yesterday that ministers have accepted the Committee on Climate Change‘s proposal to reduce the UK’s carbon emissions by 50% by 2025 – the biggest commitment of any EU country so far. The secretary, briefing MPs on the 4th carbon … Read More

MPs say reforms are hiding nuclear subsidies

mattEnergy Efficiency, Utilities Market Regulation

A committee of MPs has said in a report released today that the planned reforms to the energy market are hiding subsidies for nuclear power The coalition government’s planned reforms of the energy industry are hiding subsidies for nuclear power, says the Energy and Climate Change Committee (ECCC). The committee claims these covert subsidies are betraying the previous promise that … Read More

CBI warns UK of green energy failure

mattBusiness Electricity, Business Gas, Energy Efficiency, Utilities Market Regulation, Wholesale Utilities Markets

The Confederation of British Industry (CBI) has warned that the UK is failing to attract low-carbon investment The CBI warned today that Britain is failing to attract enough the investment required to build a low-carbon energy infrastructure. They claim that the energy sector will require £150bn of private investment alone over the next 20 years, to replace the third of … Read More