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Britain slips down in sustainable energy ratings

UK loses top 10 spot in global energy ranking for the first time
World Energy Council warns of potential gap in energy supply due to government’s lack of clarity and myriad changes,
Guardian, , 11 Oct 16, The UK has fallen out of the top 10 of a respected international league table of countries’ energy sectors for the first time.

The World Energy Council blamed the government’s lack of clarity and myriad changes which it said have left the country facing a potential gap in energy supply.

The UK has previously been one of the top performers in the council’s “Trillema Index”, which has ranked countries on energy security, costs and decarbonisation efforts for the last six years.

But the Brexit vote, cuts to renewable energy subsidies and planned changes on foreign ownership have created investment uncertainty and significant challenges for the UK, according to the latest edition of the index for the London-headquartered agency, whose members include energy companies across the world…….

Despite the recent decision to go ahead with new nuclear reactors at Hinkley in Somerset, the UK had a “distinct lack of policy direction”, the council’s chief said……..

The result of the EU referendum vote in July has also cast a cloud over thegovernment’s pledge last year to phase out coal power by 2025, as leaving the single market as part of a hard Brexit “could significantly increase the cost of its energy imports”. Imports via interconnectors to the continent accounted for around 6% of the UK’s electricity supply last year.

Planned changes to rules on foreign ownership of energy infrastructure, announced during May’s review of Hinkley Point C contract, added to the investment uncertainty, the report said.

The council also highlighted government cuts to onshore wind and solar subsidies since it took power, which Office for National Statistics figures showed last week had led solar power installations to crash. The changes could hinder investments in those sectors, the council said. ….. https://www.theguardian.com/environment/2016/oct/11/uk-loses-top-10-spot-in-global-energy-ranking-for-the-first-time?CMP=twt_a-environment_b-gdneco

October 14, 2016 - Posted by | ENERGY, UK

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