in the last budget before a general election, the Government unveiled plans to set up a Green Investment Bank that will control £2bn worth of equity. Initial focus will be investments in green transport and sustainable energy.
In the Government's last budget before a general election, Alastair Darling announced plans to set up a Green Investment Bank. The Bank will control funds of around £2bn (half of this will come from receipts from asset sales including the Channel Tunnel rail link, with the rest coming from private investment. The Chancellor said that the focus will first be on investing in "green transport and sustainable energy, in particular offshore wind power, where Britain is already a world leader. And, to strengthen this position further, we are offering £60m to develop ports looking to host manufactures of offshore wind turbines". Given that the Tories themselves spoke of establishing a 'Green Investment Bank' back in November, it seems that this is perhaps one element of the Budget that may be preserved should there be an 'Emergency Budget' in the summer if the Tories win. The general consensus in the 'green' business community is that whilst the idea is great, the funds are insufficient.
06 June 2006
There is something in the air apart from the growth in CO2. read more...
23 March 2006
The Chancellor decides to take profiits from his British Energy stake, and this perhaps is one of the best signs that the market has higher to go, if we look at his trading performance with gold. Potentially the 800m bail out to BE will be rewarded with a £2-£6bn return. Good trading which ever way you look at it! read more...
22 March 2006
The market has ticked down a little with a sell of in April due to a relaxation in the supposed gas fears and the market has fallen on the back of this. Winter 06 still looks high and perhaps some of the shorts might come and sell at these levels, but there are not many shorts in the market, willing to take the risk. read more...
24 January 2006
Perhaps it is about time that the government tested whether the public would embrace Nuclear as a fuel source for energy. Truth is I think that the answer will be a resounding yes....... another box ticked. read more...
14 June 2005
Power production increasing but tempered by lack of clear environmental policy from the government. read more...
Solar in the UK - Not So Bright
DECC has published the Comprehensive Feed-in Tariff (FiT) document and at the same time, many say, put a nail in the coffin for the Solar Industry in the UK. With the FiT rate for Solar Power to be cut by more than 50%, and with a proposal that eligibility to the scheme should be linked to a minimum energy efficiency requirement - many fear that this will be the end for the industry read more...
01 November 2011
DECC has published the Comprehensive Feed-in Tariff (FiT) document and at the same time, many say, put a nail in the coffin for the Solar Industry in the UK. With the FiT rate for Solar Power to be cut by more than 50%, and with a proposal that eligibility to the scheme should be linked to a minimum energy efficiency requirement - many fear that this will be the end for the industry read more...
Carbon Floor Price Announcement: The Market Reacts
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though read more...
25 March 2011
The tensions seen in the markets last week, as participants assessed the impact of Japan and nuclear withdrawal in Germany, appeared to have eased when the market started trading on Monday. The Government's mid week budget Carbon Floor Price announcement soon changes that though read more...
We're borrowing less than expected....
As the government prepares its spending review it will no doubt welcome the latest figures that show net borrowing for July at £3.8bn. While still sizeable, this is £1.2bn less than forecast and well down on the £6.1bn that was borrowed in the same month last year. read more...
20 August 2010
As the government prepares its spending review it will no doubt welcome the latest figures that show net borrowing for July at £3.8bn. While still sizeable, this is £1.2bn less than forecast and well down on the £6.1bn that was borrowed in the same month last year. read more...
Confidence knocked in the Financial Markets
Statements from around the world all suggest a stalled recovery while closer to home there are continuing signs of inflationary pressures at a time of slow to stagnant growth. read more...
12 August 2010
Statements from around the world all suggest a stalled recovery while closer to home there are continuing signs of inflationary pressures at a time of slow to stagnant growth. read more...
Energy Secretary gives the first annual energy statement to the Commons
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050. read more...
28 July 2010
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050. read more...
Energy Secretary gives the first annual energy statement to the Commons
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050. read more...
28 July 2010
Chris Huhne, the coalition government Energy Secretary yesterday gave the first annual energy statement to the Commons. He set out plans to secure energy supplies and cut carbon emissions. In all 32 measures were outlined all with the aim of helping the UK achieve the legally binding target to cut emission by 80% by 2050. read more...
Capacity Payments Discussed as a Tool to encourage Investment
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
30 June 2010
In a week when the engineering industry, in its State of the Nation report, said that the Energy Industry gave the most cause for concern in light of security of supply, Energy Minister Charles Hendry spoke of 'Capacity Payments' as a tool to incentivise plant development. read more...
Investing in the Future
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer? read more...
11 June 2010
The Wave and Tidal energy sector gets nervous ahead of the E-budget, concerned that funds will suffer as part of anticipated public spending cuts. Should this sector suffer? read more...
Queens Speech: Energy Bill Outlined
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill. read more...
25 May 2010
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill. read more...
No Financial Support for Nuclear
How will the coalition, that had such differing opinions about nuclear, find common ground? read more...
17 May 2010
How will the coalition, that had such differing opinions about nuclear, find common ground? read more...
Green Investment Bank still a Concept
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept. read more...
16 July 2010
Leading figures from across industry warned that the need for new tools to finance future investment in infrastructure are necessary to secure Britain's growth as a low carbon economy. While the coalitions Green Investment Bank (GIB) is supported, it is important to recognise that it is still at present only a concept. read more...
Queens Speech: Energy Bill Outlined
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill. read more...
25 May 2010
The state opening of Parliament is history personified, wrapped in lashings and lashings of ceremony, pageantry and tradition dating back centuries. But for all its spectacle, there is the serious business of the Queen's speech (actually the Government's) which this year included details of this coalition government's Energy Bill. read more...
Nothing's Joined Up
Sometimes you get so caught up in the detail that it is only when you step back that you realise that nothing appears to be joined up. With such mixed signals it is surprising that anything is achieved at all. In this instance we are talking about the UK's Climate policy! read more...
01 March 2010
Sometimes you get so caught up in the detail that it is only when you step back that you realise that nothing appears to be joined up. With such mixed signals it is surprising that anything is achieved at all. In this instance we are talking about the UK's Climate policy! read more...
Dong buy Severn Power
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
10 March 2009
The Danish energy utility, Dong have bought one part of Carron Energy. read more...
UK ROC Auction….
The Non-Fossil Fuel Agency dealt over 100,000 Renewable Obligation Certificates on behalf of renewable generators to licensed Suppliers. 1ROC equates to 1MWh and the average price of the ROC for Q2 08 was £51.34. read more...
10 October 2008
The Non-Fossil Fuel Agency dealt over 100,000 Renewable Obligation Certificates on behalf of renewable generators to licensed Suppliers. 1ROC equates to 1MWh and the average price of the ROC for Q2 08 was £51.34. read more...
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