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Tax Breaks & Subsidies and UK
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A £6m fund to boost renewable energy in the east of Scotland has been unveiled by the Scottish Executive.
It came as Deputy First Minister Nicol Stephen said more Scots companies should be branching into the sector.
The Sigma Sustainable Energies Fund, backed by the public and private sector, will see successful companies receive as much as £500,000.
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General]
UK energy: don't bet the farm on emissions trading
July 15, 2006 by Matthew Cowie in Energy Business Review
July 15, 2006 by Matthew Cowie in Energy Business Review
As outlined in its newly-published energy review, the UK government has announced that its policy instrument of choice to encourage new nuclear build is a strong carbon market in Europe. If the European market is unable to deliver this, then additional UK incentives will be introduced to prop up the value of emission credits.
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General|
Energy Policy]
Energy group E.ON is leading calls for the Government to give tax breaks to people who have installed insulation and double glazing in their homes.
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General]
Going up in smoke & Government May Auction Carbon Credits
May 21, 2006 by Edward Simpkins in Telegraph
May 21, 2006 by Edward Simpkins in Telegraph
The EU's carbon credit trading system is in crisis. Edward Simpkins reports on its pitfalls and how they might be rectified
Mr Rigden, editor of ReNews newsletter, said offshore wind was likely to be “an industry for the next decade rather than this one”.
Deputy First Minister Nicol Stephen announced some extra funding for green energy systems in Scotland's homes recently, during the launch of a SCHRI-funded water-sourced heat pump at New Lanark Heritage Site. The £3m over two years will go to the Scottish Community and Householder Renewables Initiative (SCHRI) to fund small-scale projects.
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General]
REF Welcomes Prospect of Change To Renewables Obligation
May 8, 2006 by Renewable Energy Foundation Press Release
May 8, 2006 by Renewable Energy Foundation Press Release
The Renewable Energy Foundation has consistently argued that the current subsidy system is resulting in an unbalanced deployment of renewables and will neither produce a healthy long term future for this sector, nor an economically compelling example of low carbon energy generation.
David Cameron: Time for innovation to tackle Climate Change
April 20, 2006 by Conservatives Press Release in conservatives.com
April 20, 2006 by Conservatives Press Release in conservatives.com
In his first major speech on climate change David Cameron will outline Conservative plans to replace Labour's Climate Change Levy with a new, more effective and better targeted Carbon Levy.
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General|
Energy Policy]
WEST Devon and Torridge MP Geoffrey Cox has launched a probe into the amount of public money spent by the Government to subsidise companies who develop wind farms. Mr Cox's Parliamentary Questions will form part of the latest stage in his campaign in support of the thousands of local residents who object to the siting of two wind farms in his constituency.
Britain's booming wind farm industry is grinding to a halt because a lucrative tax break in America is fuelling massive demand for new wind installations across the Atlantic.
Also filed under [
USA]
The winds of change are still too costly for E.ON
December 12, 2005 in Energy Business Review Online
December 12, 2005 in Energy Business Review Online
E.ON UK has delayed construction on two of its 100MW offshore wind farms, stating the schemes are not financially viable. This is a problem for the company, as it needs renewable power assets to meet its renewables obligation. For offshore wind as a whole this is a major blow, as it suggests that the renewables obligation is not providing enough of a subsidy to cover the economics of new farms.