The UK Government can embed a “world class” low-carbon environment that could mobilise significant investment streams, but only if current policy gaps and mixed legislative signals are addressed with “bold” action. That is the overarching view of the Future low carbon investment in the UK report, published by a group of leading NGOs, which claimed that the UK’s carbon plan and industrial strategy could generate billions in clean revenue streams if the Government sharpens policies in the low-carbon heat and transport sectors. The report, produced by the Green Alliance, RSPB, WWF, CAFOD, Christian Aid and Greenpeace, claimed that “bold” action is need to stimulate the UK’s low-carbon transition. According to the report, clearer policies on renewables could attract around £47bn of investment between 2021 and 2026, while £8.6bn could be saved annually during the 2020s by retrofitting domestic buildings with heat efficiency measures.
Edie 16th Nov 2016 read more »
Energy systems are going through a period of fundamental change due to new technologies, energy economics, business models and changing social preferences. Much of the momentum for change, in most countries, is closer to the demand side and at the local distribution level, where the opportunities for taking a whole systems approach across electricity, heat and transport are easier to identify and act upon. Such an approach to system transformation is more aligned with the needs of people, for example encompassing ideas of ‘taking back control’ and is based on the principles of creating a system which is smarter, flexible and more integrated. To enable this to happen in Great Britain, a new approach to energy governance, based on new ideas, new institutions and new people is required.
IGov 16th Nov 2016 read more »