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Queen Elizabeth II Lays Out Plans for Britain's Energy Future

As part of her annual speech to Parliament outlining her policy priorities for the coming session, England's Queen Elizabeth II made clear her desire for the UK to create incentives for investment in renewable energy by announcing a new energy bill to be put before Parliament.

Part of her plan includes legally binding CO2 emissions reductions. The bill would enforce reductions of greenhouse gas emissions of 26-32% by 2020 and at least 60% by 2050. The plan will also introduce a new system of five-year carbon budgets.

"My Government is committed to protecting the environment and to tackling climate change, both at home and abroad. A Bill will be brought forward to make the United Kingdom the first country in the world to introduce a legally binding framework to reduce carbon dioxide emissions. My Government will introduce legislation to provide clean, secure and affordable supplies of energy," Queen Elizabeth II said in her speech.

One of the major focuses of the bill, according to a British Wind Energy Association (BWEA) press release, will be expanding Britain's reliance on wind power. The BWEA believes that the industry will be able to meet a large amount of UK's demand for electricity.

"The wind industry is confident that it can generate around 27% of anticipated electricity demand in 2020, from the installation of up to 34,000 megawatts (MW) of generating capacity. Up to now, the UK wind industry has installed more than 2,000 MW of capacity, but there is almost 6,000 MW either under construction or soon to ‘break ground', including the 1,000 from the recently consented London Array, the world's largest offshore wind farm."


Rooftop Solar Panels

Hypocrisy? While Buffett Champions Renewables, His Company Fights Rooftop Solar

Mark Chediak, Noah Buhayar and Margaret Newkirk, Bloomberg Warren Buffett highlights how his Berkshire Hathaway Inc. utilities make massive investments in renewable energy. Meanwhile, in Nevada, the company is fighting a plan that would encourage more residents to use green power.
Renewable Energy Finance

Clean Energy ETFs Are on a Tear

Eric Balchunas, Bloomberg Green investing used to be synonymous with losing money. But while the S&P 500 Index is up 2 percent this year, and the MSCI All-Country World Index is up 5 percent, clean energy ETFs have double-digit re...

Wheels, Towers and Trees: Unconventional Renewable Energy Technologies in the Pipeline

Andrew Williams, International Correspondent A number of companies around the world are developing novel technologies in an effort to grab a slice of the global renewable energy market.  Although many of these technologies are simple incremental improvements to e...
UK Parliament Clean Energy Leaders

UK Government Names Clean Energy Cabinet Members

David Appleyard, Contributing Editor With the UK general election now over and a majority Conservative Party government in place, the re-elected Prime Minister David Cameron has now named key members of the government charged with steering the UK’s clean energ...


Volume 18, Issue 3


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