Energy Bill means a new sunrise for renewable energy

A new Energy Bill, two years in the making, will triple investment in renewable energy and mean the end for coal-powered generation.

The Bill commits the government to supporting low carbon electricity to the tune of £7.6bn by 2020, over three times the current level of £2.3bn for 2012-13.

The Carbon Capture and Storage Association, the Nuclear Industry Association and RenewableUK welcomed the introduction of the Bill, saying it "would help to unlock billions in investment in low carbon generation, enable the UK to meet its energy security and climate change targets, and create thousands of jobs"

UK policy will fail to reach carbon targets, says IEA

The U.K.’s energy policies may fail to deliver nuclear power and renewables needed for the nation to meet its goals for reducing greenhouse gases, the International Energy Agency said. 

Britain’s new electricity generation capacity is coming mainly from natural gas fired plants, the Paris-based agency, which advises 28 nations, said today in a report. The government should spur an “efficient mix of new, cleaner generation, more efficient use of existing infrastructure and more flexible demand,” the IEA said.