home
> News
> Electricity market reforms: two cheers
Electricity market reforms: two cheers
December 17, 2010
Electricity market reforms: two cheers
The UK government released a statement about their new evergy policy. It tells us, "there will be a £160 a year rise in electricity bills by 2030."
Damian Carrington writes, "If you are wondering why on earth the UK should cough up a bit extra for a low-carbon energy supply while the rest of the world happily smokes away, the answer is that the rest of the world is simply not doing that. Consider these recent stories from newspapers which can hardly be described as treehuggers." He quotes:
Financial Times
China has surged ahead of the rest of the world in renewable energy, creating a "new world order" in the low-carbon sector.
The rapid growth of Chinese investment has prompted venture capital and private equity companies in Europe to call for more regulation and greater government assistance, warning that without such help, the European economy will fall behind. The country's spending on wind energy in the second quarter of 2010 amounted to about $10bn, or about half of the global total of $20.5bn.
Click HERE to read the article on Guardian.
category : Topics
