Blowout Week 198
This week we feature the UK’s just-published Clean Growth Strategy, which finally gives the UK a defined energy policy. Or does it? One of the two follow-up articles describes it as “next to worthless”. We continue with our usual mix of energy-related stories, including oil in Brazil; China’s shale oil reserves; Russia buys into Mediterranean gas; Olkiluoto nuclear plant delayed again; Hinkley Point and nuclear weapons; Trump to terminate Obama’s clean energy plan; Norway trims EV subsidies; Netherlands, Canada and UK lead the coal phaseout; the California Duck Curve; a wind turbine in Ontario; a Megabattery in Sheffield; a rotating solar house in Spain and how wind could power all of human civilization.
Energy Live News: UK Government unveils Clean Growth Strategy
The UK Government has set out its Clean Growth Strategy to boost national income and output whilst simultaneously cutting greenhouse gas emissions.
An investment of £2.5 billion will support low carbon innovation from 2015 to 2021, as part of the largest increase in public spending on science, research and innovation in more than three decades. The Green Finance Taskforce will provide up to £20 million to support a new early stage investment fund for clean technologies. The UK will also spend £3.6 billion to upgrade around a million homes through the Energy Company Obligation (ECO) and extend the scheme until 2028. The Clean Growth Strategy heralds the end of an era for conventional petrol and diesel vehicles and coal generation, which will be phased out by 2040 and 2025 respectively. 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. It also says targeting a total carbon price in the power sector will give businesses greater clarity on the total price they must pay for each tonne of emissions.
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