‘Subsidies are a roadblock to a clean energy future’

Many energy subsidies are a roadblock to a cleaner and more efficient future. That’s according to Toshiyuki Shirai, Senior Energy Analyst for the International Energy Agency’s World Energy Outlook team, who says most government subsidy policies in the world’s energy markets should be reformed. He suggests subsidies result in energy prices that don’t reflect their real market value or the full environmental and social costs attached. […]

Electricity market framework "not fit" for investment purpose, says Huhne

Energy Secretary Chris Huhne today branded the current electricity market framework “not fit to deliver the investment we need”. And he said the government’s reform of the market would cause a “seismic shift, securing investment in cleaner, greener power”. Speaking to the CBI’s climate change committee this morning, he said the shortcomings of the market […]