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Weekly News Digest
RSS FeedTo help you keep up to date with this week’s events we’ve gathered together some of the top energy related news stories. You can follow us on Twitter too.
Cameron goes back on his word on solar
David Cameron has reversed his pre-election promise to provide financial incentives to early installers of solar panels and other microgenerators, prompting widespread criticism for failing to reward those that pioneered the movement. Juliet Davenport said: ‘Good Energy is extremely disappointed that the government has not met its own pre election promise to support early adopters of renewable energy. We urge David Cameron to ensure that there is no further reduction to the feed in tariffs in any way.’
Wind power to meet a fifth of the world’s power requirement by 2030
A Greenpeace report has estimated that wind power has the potential to provide 20 per cent of the world’s electricity demand by 2030. This is largely thanks to China’s expansion into wind energy, making the country the second in the world in wind energy capacity. China is also the world’s largest buyer of wind technology which has contributed to the global 41.7 per cent increase of power produced by wind energy, year on year in 2009. This change is set to save 1.6bn tonnes of carbon dioxide emissions every year; good news for everyone.
Brits are one of the worst in the global wastage stakes
The World Wildlife Fund (WWF) has calculated that people are using 50 per cent more carbon, water and other natural resources than the Earth can realistically sustain. The WWF measured each country’s impact on the planet and concluded that the British public use nearly three times more than we should as a nation. By 2030 it is predicted that we will need the equivalent of two planets resources to meet the global population’s needs.
Last week’s series of Good Energy blogs leading up to 10:10:10 offered several suggestions for reducing your consumption at home.
Green quango cut
Months of speculation have come to an end with confirmation that 50 quangos are being cut from the Environment Department. Both the Renewable Fuels Agency and the Renewable Advisory Board are amongst the many casualties, alongside the Environment Agency. Juliet Davenport stated that the Renewable Advisory Board had ‘done some excellent work historically but going forward its existence is neither here nor there.’
However, the Climate Change Committee has been preserved. It is believed that these cuts are not just to save costs but to also increase accountability to ministers. Good Energy believes that if these quangos are going to be cut, it is imperative that the government does not lose sight of the country’s overall need to grow renewable energy and cut carbon emissions.
UN climate change talks see no progress
UN climate talks in Tianjin, China have ended without any significant progress apart from a series of accusations directed at America. Reportedly one of the Chinese climate change negotiators likened the U.S. to a ‘preening pig’, having one rule for themselves and another for everyone else. China said that the U.S. was not in a position to criticise their efforts due to a lack of evidence of change on Washington’s part. Good Energy wishes they’d stop arguing and get on with the important business of agreeing meaningful emissions reduction targets.
Capitalising the Green Investment Bank
Ernst and Young says that unless the Green Investment Bank is fully financially supported, the UK will fail to create a successful green economy by 2025. The Ernst and Young report entitled, ‘Capitalising the Green Investment Bank’, analyses the predicted level of investment needed - £370bn. The report also offers advice on the proposed structure of the Green Investment Bank as well as key investment priorities such as offshore wind energy, carbon capture, micro generation and energy efficiency measures.
An effective Green Investment bank should be beneficial for growing microgeneration in the UK, helping us towards a 100% renewable future.