United Kingdom to conduct next clean energy auctions worth GBP557m in 2019

Share

"The importance of positive government messaging on the low carbon agenda for investment confidence is often overlooked and today's clear cross-government commitment to deliver on the UK's climate targets will be welcomed by businesses", said Nick Molho, executive director of the Aldersgate Group.

"The impact of the Paris agreement and the unstoppable global shift towards low carbon technologies gives the United Kingdom an unparalleled opportunity", added Climate Change and Industry Minister Claire Perry.

They said "the Clean Growth Strategy is a positive signal that the Government understand the significant opportunities for the United Kingdom that moving to a low carbon economy can bring".

Samsung predicts record profits for third quarter as memory business booms
His ailing father Lee Kun-hee has been hospitalized since 2014, and is now unable to participate in the company's management. He cemented Samsung Electronics' position in memory chips and expanded the contract chip manufacturing business.

The policies in the plan put the United Kingdom on track to meet the fourth carbon budget, and "reduce significantly" the current shortfall against the fifth carbon budget. As part of the announcement, the government confirmed up to £557 million ($738.91 million) for the next Contracts for Difference (CfD) auction, which is planned for the spring of 2019.

The £2.5 billion of existing government spending includes up to £505 million from the BEIS's Energy Innovation Program, which aims to accelerate the commercialization of innovative clean energy technologies and progresses. The offshore wind industry has helped create thousands of highly skilled jobs at factories in Hull and the Isle of Wight, and a burgeoning local supply chain across the country.

As widely expected, the plan includes significant focus on cutting greenhouse gases from Britain's built environment, pledging to invest £3.6bn in upgrading around a million homes through the Energy Company Obligation (ECO) scheme. This wonderful cost reduction is a reminder of what innovative industry can deliver when backed by competitive auctions. Funding is also earmarked for low emission taxis and buses, as well as walking and cycling.

TCS Beats Expectations, Net Profit Jumps To Rs 6,446 Crore In Q2
Digital business grew 31% from a year earlier, accounting for 20% of the overall revenue, Gopinathan said. Shares of Tata Consultancy Services today gained 1.92 per cent to end at Rs 2,548.55 on the BSE.

"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".

The highly anticipated strategy comes nine months after it was promised, having been beset by delays from political events such as last year's European Union membership referendum, subsequent Brexit negotiations and June's General Election.

The Clean Growth Strategy will look across the whole of the economy and the country. The UK Government has much more work to do in putting forward credible policies to close a carbon gap of almost 10% by 2032. However, much of the Carbon dioxide reduction so far has been secured by phasing out coal-fired power plants, and as such facilities fall off the United Kingdom grid more new policies are needed to ensure continued decarbonisation into the 2020s and beyond.

Epic Games sues alleged Fortnite cheaters over EULA violations
Defendant uses cheats in a deliberate attempt to destroy the integrity of, and otherwise wreak havoc in, the Fortnite game. Addressing this problem is the " highest priority across Epic Games", it said at the time.

Share