Everything News Jobs Opportunities Events Products/Services
more
 
About
Go to Home
Sign Up Sign in

The Low Carbon Economy Ltd

21 Oct 2010 10:10:17

Renewable Heat Incentive funding confirmed



Renewable Heat Incentive funding confirmed
More than £800 million of funding for the Renewable Heat Incentive (RHI) will be introduced from 2011-2012, the coalition government has confirmed.

In his Comprehensive Spending Review, Chancellor George Osborne confirmed that the RHI will be going ahead, with funding of £860 million.

The government claimed that this will lead to a ten-fold increase in renewable heat generation for the next decade, "shifting renewable heat from a fringe industry firmly into the mainstream".

Plans laid out by the previous government for a renewable heat levy will not be continued.

The Renewable Energy Association welcomed the announcement, stating that it was a "very big breakthrough".

Gaynor Hartnell, chief executive of the organisation, said: "We need to see the details but it looks like they're serious about supporting massive growth and employment in the UK's renewable energy sector."

She added that currently heat is responsible for 47 percent of the UK's carbon emissions.

Overall, the Spending Review detailed that the Department for Energy and Climate Change will reduce resource spending by 18 percent, but increase capital spending by 41 percent.  ADNFCR-1235-ID-800133811-ADNFCR


Discussion Thread  

 


The Low Carbon Economy Ltd Community



Related Items From Everyone


  1. BIM becomes top priority with increasing energy costsUsing Building Information Modelling for...

    02 Nov 2010
  2. The renewable energy industry needs to significantly improve the quality of service it offers...

    28 Apr 2010
  3. Automix Organisations

    Our product range consists of 3 & 4 way heat distribution and mixing valves,...

  4. colored bamboo fence Products & Services

    Dyed bamboo fence with brown,green,black,mahogany color or custom colors

  5. Utility Savings & Refund, LLC was established by Charles R. Toca in 2001 to...




Go To Home

Resource Links

We're social: View Available Feeds Find out more! Leave us your feedback

RSS



We appreciate all feedback. Please leave as much or as little as you like about any aspect of this website.

If your message requires a response, please leave your email address.