Monday, 16 August 2010

Think-tank rubbishes energy policy

Current UK energy and climate change policies are not only failing to deliver targets but also “wasting time and money”. The report recommended:
- The FiT scheme be abolished, with alternative public support for micro-generation focused on technologies that play a significant part in global carbon reduction rather than supporting “ineffective” mass deployment;
- Scaling-back the RHI from 12% to 8.5% by 2020, as a result of its “limited ability” to tackle climate change;
- Simplifying the CRC by cancelling the permitting and trade cap elements;
- Carrying out a full review of the RO and the EU renewable energy target; and
- Reforming the CCL to become a tax on carbon, and abolishing “ineffective” Climate Change Agreements.
Policy Exchange

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