Oct 17th 2012
Sharp increases in power costs if decarbonisation “gas heavy”
Depending solely on carbon prices to drive low-carbon investment could underestimate cost and policy risks, an E3G-commissioned analysis published on Tuesday 16 October found. The research, undertaken by Redpoint Energy/ Baringa Partners, argued the approach would lead to a "gas heavy" decarbonisation pathway that could fail to meet emissions reduction targets if carbon capture and storage technology failed to materialise. This over-dependence on gas, the study concluded, could cause power sector costs to increase by up to 98% by 2030. The report recommended an increased focus on electrical efficiency and maintaining "ambitious" deployment rates for renewables.
Climate Change Levy exempt energy
For those companies looking to become more sustainable, Haven can help.Find out more >