The Energy and Electricity Market Reform debacle – how UK government policy is failing the green economy

By Harald Heubaum & Felicia Jackson Responding to climate change:

The UK’s Energy & Climate Change Select Committee released a scathing report today on the Government’s draft Energy Bill which addresses Electricity Market Reform (EMR).

The report suggests that compromises between the Department of Energy & Climate Change (DECC) and the UK Treasury have resulted in a framework which is likely to fail to support either climate or renewable energy targets.

It is broadly accepted that building a secure, low-carbon energy system requires a series of government interventions to change existing market structures and create conditions that enable low-carbon technologies to compete on a level playing field.

Such interventions can include feed-in tariffs, renewable energy obligations, targeted tax breaks, early-stage R&D investment and energy efficiency standards… Read more

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