Cameron's Proposed UK Energy Plan Causes 'Chaos'

Cameron's Proposed UK Energy Plan Causes 'Chaos' | Renewable Energy News Article

renewableenergyworld.com 18 Oct '12, 2pm

Cameron's Proposed UK Energy Plan Causes 'Chaos'

Davey also suggested he’ll set a target for cutting carbon emissions in the power industry. That measure has been sought by companies from wind turbine maker Vestas Wind Systems A/S and nuclear reactor manufacturer Areva SA, as well as his department’s adviser, the Committee on Climate Change. “We have listened to investors and today have set out further measures to provide the certainty they need,” Davey said in a speech to business leaders today in London. “A strong case has been made by many investors in energy infrastructure for a decarbonisation target range for the power sector. Such a range would make clear our continued commitment to our climate goals.” The law, published in draft form on May 22, aims to restructure the power market and spur 110 billion pounds ($177 billion) of investment needed for aging power stations and upgrading the grid by 2020. Davey said la...

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