Britain launches £100-bln green revolution plan

Conferences

Britain said on Thursday it plans a 10-fold increase in renewable energy use over the next 12 years, including building 7,000 new wind turbines, through a £100 billion investment program backed by an increase in support for green power, renewable heat and microgeneration.

The government’s proposals for meeting its 2020 target of getting 15% of all energy from renewable sources expects the power sector to get about one third of its electricity from renewable sources, mainly wind. “We are opening a new chapter in Britain’s history,” industry minister John Hutton said in a statement on Thursday. “The vast expansion of renewable energy marks an important moment in this journey and, alongside our plans for new nuclear and clean coal, will play a crucial role in tackling climate change and reducing our dependency on oil and gas.”

Central to the government’s consultation on how to meet its renewable energy targets and cut carbon emissions is the call for 4,000 more wind turbines to be built onshore and 3,000 more to be erected at sea.

Britain currently gets less than 5% of its electricity from renewables and is expected to be required by the European Commission to get 15% of all its energy from environmentally friendly sources by 2020. (Reuters)

ADVERTISEMENT

Business, consumer confidence improves - Századvég Analysis

Business, consumer confidence improves - Századvég

Opposition parties to begin PM candidate primaries Elections

Opposition parties to begin PM candidate primaries

New managing director at the helm of Wolt Hungary Appointments

New managing director at the helm of Wolt Hungary

Budapest bike-sharing scheme boasts record ridership City

Budapest bike-sharing scheme boasts record ridership

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.