Energy News

What’s the price of cutting emissions?

Thursday, 4 December 2008

The government has been urged to reduce greenhouse gas emissions by a third in a report from the Committee on Climate Change.

In Building a low-carbon economy, the first report published by the Committee on Climate Change (www.theccc.org.uk), the government has been told to cut emissions dramatically.

The report suggests that UK greenhouse gas emissions should be cut by 34% by 2020, compared to 1990 levels. If there is a global agreement to cut emissions, it says this target should be increased to 42%.

The Committee warned that reaching the targets set out in the report could lead to a 25% rise in electricity bills by 2022 and an 18% to 37% increase in gas prices by 2020. This is because companies will have to invest significant amounts in renewable energy sources.

However, “the adverse impact can be offset by energy efficiency improvement subsidies” Adair Turner, chairman of the Committee on Climate Change told Reuters. These subsidies could include discounted fuel bills for low income households and the provision of additional grants to fund energy saving home improvements.

The 480 page report also recommends the following:

A big increase in renewable energy, particularly on and offshore wind power which it suggests could meet 30% of electricity generation.
The introduction of carbon capture and storage for coal plants by the early 2020s.
An increased effort to ensure cavity wall and loft insulation is installed in homes, and to encourage widespread behaviour change in relation to energy efficiency.
Steep cuts in emissions from traditional petrol engines and the introduction of electric and plug-in hybrid vehicles from 2020.

Chris Eagle, commercial manager at EnergyChoices.co.uk said: “Obviously, cutting emissions should be a priority for the UK government. However, the cost of this must be carefully assessed and the effect on the consumer must be taken into serious consideration.

“If you want to practise energy efficiency and cut the size of your bills, read our 10 steps to saving money on your energy bills or download our essential energy efficiencygGuide”

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