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Duncan - The Low Carbon Economy Ltd

05 May 2009 01:05:58

HM Government’s 2009 budget and its “support” for CHP



In my opinion though. If you believe these levels of installed CHP will be achieved through this policy, then you'll believe anything!

:

‘extending support for combined heat and power through climate change levy
exemptions, helping bring forward £2.5 billion of investment and 3 GW of capacity by 2015,
and supporting employment;’

Details from main body of report:

Combined heat and power (CHP) delivers significant carbon emissions reductions within the UK. In recognition of this, the Government has put in place a range of regulatory and fiscal measures to encourage CHP investment, including support through the EU ETS.
The Government’s long-term strategy to support this sector will be set out in the heat and energy saving strategy, later in 2009.

: However, in order to provide certainty to bring forward future investment, the Government today announces that it will extend the climate change levy exemption for indirect sales of CHP electricity to 2023, subject to State aid approval. The Government will also commit to continuing other existing levy exemptions for CHP. These measures will bring forward future investment in CHP of around £2.5 billion, which will increase electrical
generating capacity by 3 GW by 2015, and promote employment opportunities in the sector. By 2020, these measures have the potential to deliver around 7 GW of new CHP electrical generating capacity, and reduce emissions by 3.2 million tonnes of carbon dioxide (MtCO2). Budget 2009 can also announce that climate change levy rates will remain at the current
levels in 2010-11.

The relevant chapter is chapter 7 of the budget which may be found here:


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