On Oct. 12, the United Kingdom government released its Clean Growth Strategy, which aims to cut carbon emissions while driving economic growth.
The measures include up to GBP 557 million (USD 738m/EUR 622m) of funding for future contract for difference (CfD) auctions for less established renewables such as offshore wind that was announced yesterday.
This strategy sets out the government's proposals for decarbonising the United Kingdom economy through the 2020s, explaining "how the whole country can benefit from low carbon opportunities, while meeting national and worldwide commitments to tackle climate change". The BEIS said carbon emissions in the United Kingdom have fallen and national income has risen faster and further than any other nation in the G7 since 1990. The strategy sets out how the government will invest GBP 2.5 billion in low-carbon innovation in the 2015-2021 period, across energy, transport, agriculture and waste. In addition, up to £20 million will be used to demonstrate the viability of switching to low carbon fuels for industry.
"Recent announcements in the offshore wind and vehicle manufacturing industries have highlighted how a clear vision, supported by detailed policies, enable the private sector to drive innovation, cut the costs of clean technologies and invest in United Kingdom jobs and supply chains".
RenewableUK, which speaks for the wind and marine renewables industries, welcomed the strategy and the commitment to the development of a Sector Deal for offshore wind, but said that "what's missing is clarity on how the lowest-cost technology, onshore wind, can deliver for United Kingdom consumers".
A full copy of the Clean Growth Strategy can be downloaded from the BEIS website.
Energy Minister Richard Harrington has confirmed that up to £557 million will be made available for less established renewable electricity projects as part of the government's Clean Growth Strategy, to drive economic growth and clean up the energy system. The Clean Growth Strategy also discusses the long-term potential of bioenergy projects paired with carbon capture and storage (BECCS).