UK’s Miliband To Budget Now For 2050 Low Carbon Future
Energy and Climate Change Secretary Ed Miliband said:
“The Government is confident that Britain will meet its security of supply needs in the years ahead. Our Low Carbon Transition Plan has put in place a programme of action to deliver secure and increasingly low carbon energy supplies in the medium term through to 2020.
“However, for the longer term, Britain will need a more interventionist energy policy. The scale and upfront nature of the low carbon investment needed is likely to require significant reform of our market arrangements to deliver security of supply in the most affordable way.
“That is why my Department began work last summer to plot out the pathways to a decarbonised, secure energy mix in 2050 and the options for reforming the market to deliver it. Ofgem’s report will contribute to the proposals we will make at the time of the Budget.”
Topics: 2010, Britain, budget, clean, climate change, decarbonised, energy, future, Governance, government, Great Britain, green, low carbon, market, miliband, moniter, monitor, news, Ofgem, reform, U.K., UK, United Kingdom
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