Rethink energy policy to ensure UK competitiveness, says think tank
Policy initiatives, introduced since the turn of the century, have rendered energy supply in the UK “unstable and expensive”, according to the Civitas think tank. A report issued by the organisation on Friday 10 February said that the UK’s high energy prices were pushing energy-intensive economic activity overseas, de-industrialising the UK and increasing global per capita emissions. It said that government investment in tackling climate change should focus on increasing battery technology and energy efficiency, and should include the development of specific prize funds to address policy challenges. It said the UK should invest in decarbonisation projects in developing countries.