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The Low Carbon Economy Ltd

12 Jul 2010 05:07:08

EEF calls for government action on energy policy

EEF calls for government action on energy policy
The manufacturer's organisation EEF is calling on the government to take steps to ensure future competiveness and security in the UK's energy sector.

More cost-effective support was said to be needed for the renewables sector, as the organisation claimed that most technologies are currently "expensive and dependent on subsidy".

Both the Renewable Obligation and the Feed-in Tariff scheme were said to be "poor value for money".

According to EEF, the UK has also "fallen behind" in the field of carbon capture and storage (CCS) technology and must ensure existing demonstration projects are completed by the end of this year.

Further to this, the second demonstration programme must be completed in the next two years.

Recommendations were also made for a reform of the price of carbon to "reduce uncertainty" over investment returns and to increase the UK's capacity for natural gas storage.

EEF director of policy Steve Radley said: "The time needed to secure finance, mobilise supply chains and deliver infrastructure means the energy industry will start making far-reaching and long-lasting investment decisions within the next couple of years."

The EEF represents the business in the UK manufacturing industry, which is responsible for 55 per cent of the UK's exports.ADNFCR-1235-ID-19885599-ADNFCR

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