United Kingdom releases Clean Growth Strategy, plans next CfD auction


United Kingdom releases Clean Growth Strategy, plans next CfD auction

Studies have shown the United Kingdom is the fastest decarbonising economy in the European Union, having cut its overall emissions by a third while simultaneously seeing its economy grow by around two thirds.

The WWF also commented on the published strategy, with head of energy and climate, Gareth Redmond-King saying: "The strategy's ambition is to be welcomed, however the details fall short of what we need to lead the United Kingdom to a green and prosperous future".

The new Clean Growth Strategy for the first time sets out how the Government will distribute in excess of £2.5 billion worth of investments to support low carbon innovation from 2015 through to 2021 - including up to £505 million from the Department for Business, Energy and Industrial Strategy's Energy Innovation Programme, which aims to accelerate the commercialization of innovative clean energy technologies and processes. It's as big a change as the move from the age of steam to the age of oil and Britain is showing the way.

Low-carbon innovation is at the heart of the government's approach, climate change and industry minister Claire Perry said in a written statement to parliament.

The government has announced a raft of plans to invest millions in renewable technology and low carbon innovations as the United Kingdom works to hit its 2050 climate target.

On Oct. 12, the United Kingdom government released its Clean Growth Strategy, which aims to cut carbon emissions while driving economic growth.

The government plans to spend £1 billion supporting the take-up of ultra low emission vehicles (ULEV) and around £900 million in smart, nuclear and renewable technologies to fill this gap.

"We've shown beyond doubt that renewable energy projects are an effective way to cut our emissions, while creating thousands of good jobs and attracting billions of pounds worth of investment".

"This shift offers United Kingdom business and innovators huge potential to shape the future of clean growth", she said at the event.

The government in the United Kingdom has published its long-awaited and much anticipated Clean Growth Strategy, which includes a "sector deal" for offshore wind that could see more than 10 GW of new offshore wind capacity developed.

Less established renewable energy projects will include offshore wind, biomass, energy-from-waste technologies and combined heat and power projects. This unbelievable cost reduction is a reminder of what innovative industry can deliver when backed by competitive auctions.

The Solar Trade Association (STA) argued that the United Kingdom government is "artificially holding back" solar revolution costs consumers and limits community & business action, with no explicit new measures to boost current deployment which has plummeted and which has been kept afloat by progressive planning policies by some local authorities.