30 Nov '12, 2pm

Britain on the 'Cusp of an Energy Renaissance'

Britain on the 'Cusp of an Energy Renaissance'

Speaking to journalists after he had addressed the House of Commons, Davey said the Bill had “given industry and investors exactly what they need – consensus and political certainty.” Earlier he had told Parliament that “the UK is open for energy investment”. “The Energy Bill will attract investment to bring about a once-in-a-generation transformation of our electricity market, moving from predominantly a fossil-fuel to a diverse low-carbon generation mix. “The Bill will support the construction of a diverse mix of renewables, new nuclear, gas and CCS, protecting our economy from energy shortfalls and significantly decarbonising our electricity supply by the 2030s as part of global efforts to tackle climate change.” He said the UK energy challenge was “an economic opportunity there for the taking. It will stimulate supply chains and support jobs in every part of the countr...

Full article: http://www.renewableenergyworld.com/rea/news/article/2012...

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