Comments
UK’s Canutian Unilateral Climate Policy Increasing Energy Costs
A White Paper unveiled by Climate Change minister Ed Miliband next week will outline the Government’s next steps for the expansion of green energy.
But industry experts warn the cost of subsidising renewables will increase household energy bills. At present the renewables element of the typical bill is an average £55 a year, but this could increase to as much as £120 by 2014.
The respected UK Energy Research Centre has predicted that by 2050 the subsidy will cost the economy at least £17billion a year, the equivalent of an extra £700 a year per household.
The White Paper follows the Government’s pledge to cut greenhouse gas emissions by 34 per cent within 11 years, and by 80 per cent within 40 years. Britain is the only country in the world with legally binding carbon dioxide targets.
Daily Mail: ‘Green fuel bill shock: Families face a charge of up to £120 to fund thousands of wind turbines’