01.04.2015 - God save the planet: UK renewables rise to 20%, emissions fall 8% in year
The past week has been bright for the UK’s renewable energy sector. The UK Department for Energy and Climate Change released energy trends data for 2014, showing that renewables supplied a record 19.2% of all generated electricity, up from 14.9% in 2013. A Bloomberg New Energy Finance Analyst Reaction details how the outcome of the upcoming general election could influence these figures for the future. Drax Group’s conversion of a second coal power plant to burn wood, has reduced the utility’s exposure to the price of carbon emission permits and boosted the UK’s biomass power generation. Total UK greenhouse gas emissions are estimated to have fallen 8.4% in 2014. This and a surprisingly sharp drop in the country's electricity consumption in 2014 are examined in a separate note from Bloomberg New Energy Finance...............................................Full Article: Source
Print