As part of plans to reduce greenhouse gas emissions and offset global warming, the government of UK wants to increase the share of electricity generation from low carbon emitting sources by 2020, reported Reuters.
The deployment of carbon capture and storage technology (CCS) among coal fired power plants is expected to cut down emissions by 90%. According to the UK government estimates the market for low carbon goods and services globally could expand to £4.3 trillion by 2015 from £3 trillion in 2007/08. As a result the UK government said that it would help fund for such trials that require new coal-powered plants to fit the technology, in the coming future.
In a statement Ed Miliband, secretary of energy and climate change said that by 2020, renewable energy sources will provide 31% of UK's electricity, up from 6% at present, while nuclear's share will drop to 8% from current levels of 15%, depending on the variable output of nuclear plants. “Our plan will strengthen our energy security, seizes industrial opportunity and rises to the moral challenge of climate change,” he added, reported the newspaper.
This plan is expected to help the UK to fulfil its 2008 promise to the EU to satisfy 15% of its energy demand through renewable sources by 2020, up from 1.3% in four year ago. However, this plan is less ambitious when compared to Spain and France, which signed up for targets of more than 20%, and of Sweden which agreed to a 2020 goal of 49%
Source: Energy Business Review
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