Sceptre International Group News – UK’s new Carbon Plan targets green power, heat and travel

The UK Government has set out its action plan on climate change setting strict actions, tougher domestic targets and binding deadlines for delivery.

Backed by Prime Minister David Cameron, the new Carbon Plan sets out what has to happen and by when if the Government is to live up to its green ambitions, meet tough domestic carbon targets and encourage greater action internationally.

The Department for Energy and Climate Change say the proposals are focused on the jobs and economic opportunities of the low carbon economy and on policies that will help insulate Britain from future energy price shocks.

The Carbon Plan is published in draft today with the Government inviting the public and organisations to give their views on the contents. A final version will be published in the Autumn and then updated annually.

In a foreword to the document, the Prime Minister, Deputy Prime Minister and Energy and Climate Change Secretary Chris Huhne wrote: “This Carbon Plan sets out a vision of a changed Britain, powered by cleaner energy used more efficiently in our homes and businesses, with more secure energy supplies and more stable energy prices, and benefiting from the jobs and growth that a low carbon economy will bring.

“But it does more than that. It shows exactly how we will deliver that vision and play our part in the global effort to tackle climate change and build a green economy through specific, practical action across government, month by month and department by department.’’

The draft Plan highlights three key changes that will be required across the UK economy, including:

* In the way electricity is generated, where a dramatic shift away from fossil fuels and towards low carbon alternatives is needed – including renewable energy, new nuclear power and fossil fuel power stations fitted with carbon capture and storage

* In the way homes and businesses are heated, where a step change is needed in how well homes are insulated and away from gas boilers to low carbon alternatives, such as heat pumps

* In the way people travel. This means more use of public transport and substituting the need for some journeys, but the greatest change will be in road transport – reducing emissions from petrol and diesel engines and moving towards alternative technologies such as electric vehicles.

Internationally, the plan sets out how the UK will work within the European Union and with other countries to promote ambitious action on climate change; support developing countries to limit emissions and adapt to climate change; and seek further progress towards a global climate change agreement.

The document details a range of deadlines and actions that a number of Government departments will have to meet. These include:

*The Treasury legislating to create a floor in the carbon price by April 2011

* DECC to award the contract for the first UK Carbon Capture and Storage demonstration by end of this year and identify further demonstration projects by May 2012
* The Department for Business to get the Green Investment Bank operational by September 2012 with the first annual data released on the funds in and size of investments made by the Bank by May 2013

* By June 2011, DFT to develop a nationwide strategy to promote the installation of electric vehicle infrastructure

* DECC to lead in reducing central government’s emissions by 10% in twelve months with the deadline of May 2011

* By June 2012 Defra to launch a pilot project to develop and trial methods for delivering integrated environmental advice for farmers, including on reducing greenhouse gas emissions.


Sceptre International Group Limited is a specialist investment firm focused on the promotion of green oil, bioenergy, associated green technologies and carbon credits.
Sceptre International’s talented team of professionals will be happy to talk through all investment opportunities with you and build a winning portfolio for the future.

This entry was posted in Carbon Trading, Sceptre International Group Limited, Sceptre International Group News, and tagged , , , , . Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s