Deficit reduction hampering green policy

The Coalition’s energy policies for offshore wind are being hampered by deficit reduction, an MP has suggested. Speaking at a fringe event on offshore wind at last week’s Tory conference, […]

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By Vicky Ellis

The Coalition’s energy policies for offshore wind are being hampered by deficit reduction, an MP has suggested. Speaking at a fringe event on offshore wind at last week’s Tory conference, Peter Aldous, MP for Waveney worried that “challenge” was in store for the industry.

Mr Aldous told ELN: “If you look at the Coalition’s programme for government there are some exciting proposals in there which they are gradually implementing, but overarching the whole programme is deficit reduction, which does place a slight restriction on [policy], perhaps we’re not getting all the assistance we would ideally like.”

While extra investment due from the Green Investment Bank was “very important”, he added: “The Government are giving us the means to be able to invest in the industry, but there’s an awful lot of work to be done, it’s a challenge.”