Business leaders demand green Budget

An influential businesses group today urged Chancellor George Osborne to set out a comprehensive green growth strategy in next month’s Budget. This, argues the Aldersgate Group, would help reduce the budget deficit and drive a dynamic economic recovery by increasing output and creating jobs. The group includes bosses from Pepsi, The Co-operative Group, Merrill Lynch […]

Ofgem overhauls regulation to kick start low carbon drive

Energy regulator Ofgem is to overhaul its regime in a bid to kick-start innovation in low carbon technology. Ofgem estimates that £200bn is needed over the next decade to deliver secure sustainable energy supplies. However, the regulator says the cost of delivering all of the £200bn could see energy bills rise by between 14% and […]

Osborne to lead “reform of the energy market” to target £200bn

The UK Chancellor George Osborne has vowed to speed up plans for a green investment bank. In the only mention of energy-related issues, the chancellor, in his Budget speech on Tuesday, vowed to accelerate proposals for the bank, which has been long-called for by many in the energy industry. However, the official documents of the […]

EDF Energy chief hails coalition nuclear stance

The new government’s stance on a low carbon economy and in particular nuclear energy has been welcomed by EDF Energy. EDF has long campaigned for national policy statements on nuclear energy and today it’s chief executive Vincent de Rivaz said: “Under the coalition agreement, the new government said it had agreed a process to bring […]