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UK: renewables far better value for tax-payers than nuclear is

UK green energy sector needs nurturing over nuclear, Guardian, Larry Elliott, 16 Aug 16, 

Technological advances mean the cost of renewables is coming down, representing far better value for taxpayers’ money 

ritain’s need for a coherent long-term energy strategy has been woefully neglected by governments of both left and right. One example is the furore over the plan for a new and hugely expensive nuclear power station atHinkley Point. Another is provided by the latest official statistics on the sort of energy the UK uses and where it comes from.

The good news is that Britain is consuming 17% less energy than it was in 1998, and more of what is used is coming from renewable sources. But don’t get too excited. Green energy has increased from 1% of the total to just 9%……

The way forward is obvious. Put energy policy at the heart of the new industrial policy. Technological advances mean the cost of renewables are coming down all the time, and they represent far better value for taxpayers’ money than Hinkley Point C. The government should use tax breaks, procurement and its ability to borrow long-term at historically low interest rates to nurture a new green energy sector. This should have been done years ago, but it is not too late. https://www.theguardian.com/business/economics-blog/2016/aug/15/uk-green-energy-sector-needs-nurturing-hinkley-point-nuclear

August 17, 2016 - Posted by | general

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