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Lord Sugar calls for more renewables in energy bill |
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3 Jun 2013, 8:34 PM
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Lord Sugar has called on the government to insert a 2030 target for green electricity into the energy bill to end the "prolonged uncertainty" surrounding companies and investors in the energy sector.
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Mr Yeo's proposed amendment would force electricity generators to remove coal-fired and gas-fired power stations from their networks over the next 18 years unless they could use technology to capture and store carbon dioxide emissions. The target is backed by the statutory Committee on Climate Change which was set up to force the government to stick to its own carbon reduction targets.
Over the weekend, Mr Davey urged MPs to reject the amendment, saying the energy bill in its current form would already lead to a "massive decarbonisation" of the power sector by 2030 through its generous subsidies for nuclear and renewable energy. Friends of the Earth called on MPs to back Mr Yeo's amendment to prevent a new "dash for gas" by the UK. Andy Atkins, executive director of the green pressure group, said: "The energy bill is simply not fit for purpose unless it does what investors say is needed and commit the UK to clean British energy."
Sugar commented "This country needs jobs and the renewable industry could help unlock our crippled manufacturing sector. Whilst places like Germany, India, China and the US continue to offer real incentives to boost green technology through tax credits and serious targets, we have an underfunded Green Deal and chaotic cuts such as those to solar tariffs, which left both customers and businesses out in the cold.
Recent reports confirm that we have now slipped to sixth in global attractiveness to green investors, with mixed messages from government on renewable energy undermining confidence. Without a 2030 decarbonisation target the energy bill will be aimless, leaving businesses and potential investors with prolonged uncertainty and no real commitment from the politicians who were supposed to be the 'greenest government' ever"
Credits:: Financial Times 2/6/2013
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