Spending Review: Support for fracking and green energy, DECC budget slashed

  The UK Government has pledged to back both the fracking and renewable energy industry. Chancellor George Osborne made the announcement today as part of the Spending Review, which sets out his plans for the next four years. He said the goal is to invest in the long term economic infrastructure of the UK “and […]

Osborne: Defra will see 30% spending cut

The Department for Environment, Food & Rural Affairs (Defra) is to see its spending reduced by around 30% in the next four years. Chancellor George Osborne revealed Defra, along with three other government departments, have reached a provisional agreement with the Treasury over the budget cuts. Making the announcement yesterday, he said: “These savings will […]

Energy on Infrastructure Commission’s agenda, will oversee £100bn investment

George Osborne has committed to spending £100 million in infrastructure projects, including energy, by the end of the decade. Launching the new National Infrastructure Commission, led by former Cabinet Minister Lord Adonis, the Chancellor set out plans today to “get Britain building”. The new eight-strong Commission panel is an independent body that will determine the […]

Chancellor promises “reliable energy” but no substance

Chancellor George Osborne promised the nation “reliable energy” today in his Spending Review but sketched out few new details of future energy infrastructure projects. Declaring to the Commons the “job of the state” is to provide the schools, science, transport links and “reliable energy that enable business to grow”, the Chancellor said “investing in our […]

Fuel poverty "set to soar"

Fuel poverty is “set to soar” and could be made even worse by rising energy bills, a consumer group has warned.Consumer Focus says that Government fuel poverty figures could be even higher after customers have to deal with energy companies’ price hikes. Yesterday DECC released figures that suggested a fifth of UK households – 5.5 […]

Wind sector jobs increase by 91%

There has been a massive 91% increase in jobs in the UK wind industry since 2007, as overall employment in Britain has fallen by 3.4% in the same period. Of the 10,800 full-time employees in the industry, most work with large-scale onshore wind, followed by 29% in offshore wind. A further 7%-8% of the overall […]

DECC accused of ‘surrendering green credentials’ over CRC

Energy ministers were today accused of “surrendering their green credentials to the Treasury” over changes made the CRC. In the Comprehensive Spending Review, the recycling of revenues from the scheme back to participants was scrapped, with all monies now going into the government purse. This move was slammed this morning during energy questions in the […]

Offshore wind is ‘poster child’ for UK renewables

The boss of Scottish and Southern Energy has said that Scotland is “rubbing its hands” as the country outpaces England and Wales in the renewable energy stakes. Mr Marchant said the demise of England’s regional development agencies proved to be a game-changer for Scotland, because of the opportunity it presents to gain a competitive advantage […]

CRC is ‘short of the ideal’ says Huhne

Energy Secretary Chris Huhne said this morning that the CRC scheme “fell short of the ideal” and added that “given a blank slate, we would do things differently”. And he also unveiled a UK-wide consultation on delaying the start of Phase II of the CRC until 2013. Speaking at the CBI climate change conference in […]

CRC has suffered ‘kiss of death’

George Osborne has delivered a “kiss of death” to the CRC scheme, according to one of the UK’s major energy consultants. In last month’s Spending Review, the chancellor changed the rules of the CRC by stating that money generated by the scheme would not be recycled back to those companies in it, but would instead […]