A life of adventure and opportunity – birds find me in that happy place Only 260 vultures left in Bangladesh Great Barrier Reef coral-breeding program offers ‘glimmer of hope’ No subsidies for green power projects before 2025, says UK Treasury Particle level in city motor vehicle areas much higher, says study Global warming to make US thunderstorms larger, more frequent My eyes are burning’: Delhi holds half marathon despite pollution warning Groundwater depletion could be significant source of atmospheric carbon dioxide UK considers tax on single-use plastics to tackle ocean pollution How Bangladesh is solving its water crisis

No subsidies for green power projects before 2025, says UK Treasury


1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)

Companies hoping to build new windfarms, solar plants and tidal lagoons, have been dealt a blow after the government said there would be no new subsidies for clean power projects until 2025 at the earliest.

The Treasury said it had taken the decision to “protect” consumers, because households and businesses were facing an annual cost of about £9bn on their energy bills to pay for wind, solar and nuclear subsidies to which it had already committed.

The revelation that there will be no more money for projects before 2025 could dash hopes for pioneering projects such as the proposed £1.3bn tidal lagoon in Swansea, which has a mooted launch date of 2022.

In a Treasury document on carbon levies published on Wednesday, officials said: “On the basis of the current forecast, there will be no new low-carbon electricity levies until 2025.”

Read more: http://www.theguardian.com/environment/2017/nov/22/no-subsidies-for-green-power-projects-before-2025-says-uk-treasury 

Posted by on Nov 23 2017. Filed under Renewable energy. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

Leave a Reply

Polls

Which Country is most Beautifull?

View Results

Loading ... Loading ...