Green vision unveiled by Government - Gas and electricity - News - Moneyfacts

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Green vision unveiled by Government

Green vision unveiled by Government

Category: Gas and electricity

Updated: 04/08/2009
First Published: 15/07/2009

MONEYFACTS ARCHIVE
This article was correct at the time of publication. It is now over 6 months old so the content may be out of date.

The Government has unveiled plans to significantly reduce the UK's carbon footprint, which it says will create economic growth and support over a million jobs.

The comprehensive plans were published today by the Department of Energy & Climate Change. Central is the aim to cut 1990 emission levels by 34 per cent by 2020 – with a cut of 21 per cent already achieved.

A cleaner, greener Britain will be a more prosperous place to live, with many economic opportunities, it said.

The Government says that: more than 1.2 million people will be in green jobs; 40 per cent of electricity will come from low carbon sources such as renewables, nuclear and coal; and the country will be importing half the amount of gas it otherwise would.

The impact on consumers will be kept to a minimum, as the plans will not to have an effect on average household bills until 2015.

The plans also include greater powers for the energy regulator Ofgem to protect consumers and enforce discounts on the energy bills of low income households.

"Our plan will strengthen our energy security, it seeks to be fair to the most vulnerable, it seizes industrial opportunity and it rises to the moral challenge of climate change," said Energy and Climate Change Secretary, Ed Milliband.

Of the UK's low carbon future, Business Secretary, Lord Mandelson, commented: "This is a challenge that every economy is facing, and we are determined that by setting clear policy now, Britain positions itself to benefit both economically and environmentally from the transition.

"We must combine the dynamism of the private sector with a strategic role for government to deliver the benefits of innovation, growth and job creation in the UK."

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