01 Dec '11, 10am

Chris Huhne - UK Economy on track to meet carbon targets and will reap long term benefits,

that the energy system currently costs £3,700 per person per year. that in all scenarios - high and low carbon - costs are set to increase substantially. If the UK decided not to do anything to tackle climate change, the energy system is likely to cost £4,682 per person per year on average through to 2050, reflecting the costs associated with remaining fossil fuel dependent. that the costs of meeting the 80% carbon target could be similar to doing nothing and may be cheaper. The cost-optimal 'MARKAL' pathway is £84/person/year cheaper and would result in a balanced electricity generation mix in 2050 with 33GW of nuclear, 45GW of renewables and 28GW of fossil fuels with CCS. Energy use per person would be half today’s levels, around three quarters of this is due to uptake of more efficient technologies. High fossil fuel prices would further increase the chances of making re...

Full article: http://www.decc.gov.uk/en/content/cms/news/pn11_104/pn11_...

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