May 28, 2013
The UK government is investing heavily in the drive towards renewable energy technologies, with a spokesman for the Department of Energy and Climate Change (DECC) recently confirming that the government will have tripled its support for low-carbon technologies to £7.6bn by 2020.
Through its Energy bill, the government has also put measures in place to attract the £110bn of investment in the UK’s clean energy infrastructure.
In a new report the Committee on Climate Change, which offers ‘independent, evidence-based advice to the UK Government and Parliament’, argues that investment in low-carbon technologies such as wind and marine energy, will save UK consumers a staggering £25-£45bn on their energy bills over the life of these projects.
Wave and wind energy
The DECC spokesman recently reaffirmed the government’s commitment to wave and tidal energy, with support for the wave and tidal technologies doubling from April 2013 under the Renewables Obligation scheme.
The government has also committed £28m of government funding to support testing facilities, as well as helping to support the development of Marine Energy Parks.
An investment of £50 million in six onshore and offshore wind farms was also made earlier this year by the government as part of the Rhyll Flats offshore project.
Energy and Climate Change Secretary has recently argued that the UK offers "a uniquely attractive, stable, transparent and supportive environment for investment in low carbon generation".
Fossil fuels not ruled out
The government has also made a commitment to generating 15% of its energy from renewable energy sources by 2020, which indicates that non-renewable sources of energy, such as that used in home heating oil, will still be in use for some time yet.
In particular, it emphasises that fossil fuels can remain in the mix of energy sources we draw on in the future but that the only way carbon emissions can be reduced in this process is through the use of carbon capture and storage (CCS) technologies.