As the UK strives to meet its EU target of
15% renewable energy consumption by 2020, the government has taken several
steps to reduce the country’s carbon emissions by 34% and 80% by 2020 and 2050,
respectively, compared with 1990 levels, according to ” Europe Renewable Energy Policy Handbook 2014 “ report.
This report states that the UK government is now
promoting renewable energy sources through a substantial amount of financial
support by way of subsidies, active research and development,
government-sponsored loans, and tax allowances.
Senior Analyst says: “In 2009, the UK
Renewables Energy Strategy set a target of generating more than 30% of
electricity from renewable energy sources by 2020, with technologies such as
wind, biomass, hydro, wave and tidal playing important roles.
The other main aims were to generate at
least 12% of heat from renewable energy sources, such as biomass, biogas, solar
and heat pumps, and to derive at least 10% of transport energy from renewable
sources.
Under this Strategy, an Office for Renewable
Energy Deployment was created within the Department of Energy & Climate
Change (DECC) to take forward these commitments. The DECC developed a renewable
energy roadmap in 2011 to assess the status of renewables in the UK, which
included up to £30 million ($45.24 million) of direct government support for
offshore wind cost reductions over the subsequent four years.
The UK government’s dedication to wind power
has been a vital catalyst in the effort towards meeting its EU targets.
Senior Analyst says: “Wind power installed
capacity accelerated from 534 Megawatts in 2002 to approximately 8.9 Gigawatts
(GW) in 2012, and is expected to increase further, reaching almost 31.6 GW by
2020, at a Compound Annual Growth Rate of 16.9%.
The UK’s rapid expansion of wind power
installations is largely thanks to favorable government policies and attractive
concession programs, such as the Offshore Transmission Owner policy in 2009 and
the Offshore Wind Cost Reduction Task Force in 2011.
Know
more about this report at: http://mrr.cm/ZWM
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