nuclear-news

UK govt pretends that nuclear power and “clean coal” are “RENEWABLE” energy

UPDATE 1-UK energy deal triples renewable subsidy by 2020, 
* Increase to 7.6 bln stg a year in real terms
* To spur 40 bln stg of private investment, create jobs
* Renewables to provide 30 pct of energy mix by 2020
By Oleg Vukmanovic and Karolin Schaps LONDON, Nov 23 (Reuters) – British government support for low-carbon electricity generation will triple by 2020 after the energy and finance ministries reached a deal to end months of wrangling over costly reforms.

The move is expected to boost the share of renewables in Britain’s energy mix to 30 percent by 2020, outpacing European Union targets of 20 percent, while creating tens of thousands of new jobs. Under the agreed Levy Control Framework, spending on renewable power generation will increase to 7.6 billion pounds ($12.12 billion) a year in real terms by 2020, from the current 2.35 billion pounds, to reduce dependence on gas.

The renewable spending plans will be funded through further rises in household energy bills which are increasingly unaffordable for many consumers….

The spending increase will also help to support new nuclear power and the commercial use of untested carbon capture and storage technologies, the government said…..

November 25, 2012 - Posted by Christina Macpherson | spinbuster, UK