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