05 Jan '12, 3pm

Renewable energy investment would save UK money, says chief science adviser

Renewable energy sources will save the UK an equivalent of £84 per person per year, according to chief scientific adviser to the Department of Energy and Climate Change, Prof David Mackay . While the saving alone might sounds like music to our years, when contrasted with what continuing to import fossil fuels is projected to costs us, it sounds even sweeter. The top government adviser has calculated that continuing to rely on coal and gas will cost each of us an equivalent of £4,682 a year and will mean the UK will miss its carbon reduction targets. In contrast investing in renewable sources of energy such as wind would save £84 per person per year, bringing the cost down to the equivalent of £4,598. A ‘least cost’ scenario envisages that by 2050, the UK will generate 42 per cent of its electricity from renewable sources, 31 per cent from nuclear and 27 per cent from gas. ...

Full article: http://www.thegreencarwebsite.co.uk/blog/index.php/2012/0...

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