The very latest on environmental issues from an economic, business, and political perspective.
North Sea oil supplies are running out. Peak oil extraction has been surpassed. The government’s policy of heavily subsidising renewable energy has cost the taxpayer billions and pushed household electricity bills up by £17 a year on average. The pressure to meet targets for carbon emission reductions has left the government forcing the closure of all coal power stations by 2025. Without a plausible reaction … Continue reading The UK is facing an energy crisis
The European Union has set the target for the energy consumption of all it’s member states to be 20% renewable by 2020. While currently Brexit is being negotiated, in 2015, the UK was given its own special target of 15% because of it’s its “low starting point”. The UK Great Britain has consistently lagged behind its European counterparts, ranking 24th out of 28 neighbouring states … Continue reading To burn or not to burn? Fuelling the future
The case for a cap on energy prices has arisen after the ‘big six’ energy companies raised prices by up to 15% earlier this year, even alongside low and falling wholesale prices. Although these have been justified by the energy companies as the result of being forced into generating renewable energy, it has not been perceived in that light by the general public, making the pledge … Continue reading Theresa May’s problematic pledge to cap energy prices
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