United Kingdom govt publishes Clean Growth Strategy
Oct 13 2017 by Michele Stevens
The UK Government has announced new funding worth up to £557m for the next round of renewable energy auctions, scheduled to take place in spring 2019.
With the Government's long awaited Clean Growth Strategy published today (12th October), numerous industry's top organisations have voiced their opinions.
"We have been a global climate leader, but if we set out plans that don't meet our own targets to meet the global threat of climate change, then we will have so much further to go to meet the more ambitious worldwide ones agreed in Paris".
"This shift offers United Kingdom business and innovators huge potential to shape the future of clean growth", she said at the event.
A new CCUS Council will help the government to work in partnership with the industry and deploy CCUS at scale in the United Kingdom, the document says. "Onshore wind is the cheapest form of new power generation, and it would be exciting to see what projects in the right places could deliver for United Kingdom consumers".
Woman who swam in crocodile-infested creek feared dead
Police said the remains found at Port Douglas have been sent for further testing, but there is no indication of foul play. On Facebook, Anne's granddaughter Isabella Eggins thanked those who helped in the extensive search for her nan.
Volume Moving the Tape For Cooper Tire & Rubber Company (CTB)
With 537,400 avg volume, 21 days are for Cooper Tire & Rubr Company (NYSE:CTB)'s short sellers to cover CTB's short positions. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by $0.12.
Cisco Systems, Inc. (CSCO) - Stock Performance
To measure price-variation, we found CSCO's volatility during a week at 0.9% and during a month it has been found around 1.17%. After $0.55 actual EPS reported by Cisco Systems, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Moreover, the government says it will build and extend heat networks across the country, backed by public funding to 2021 as allocated in the 2015 spending review, and invest around £184m - including two new £10m innovation programmes - in home efficiency and heating technologies. In addition, up to £20 million will be used to demonstrate the viability of switching to low carbon fuels for industry.
RenewableUK, which speaks for the wind and marine renewables industries, welcomed the strategy and the commitment to the development of a Sector Deal for offshore wind, but said that "what's missing is clarity on how the lowest-cost technology, onshore wind, can deliver for United Kingdom consumers". The UK wants to focus on supporting developing and creating new technologies and new businesses, helping to grow jobs and prosperity across the UK, while meeting the country's national climate change targets.
The highly anticipated strategy comes nine months after it was promised, having been beset by delays from political events such as last year's European Union membership referendum, subsequent Brexit negotiations and June's General Election.
UK Energy Minister Richard Harrington said that the announcement is as part of the government's Clean Growth Strategy, which aims to boost economic growth. The UK Government has much more work to do in putting forward credible policies to close a carbon gap of almost 10% by 2032.
Studies have shown the United Kingdom is the fastest decarbonising economy in the European Union, having cut its overall emissions by a third while simultaneously seeing its economy grow by around two thirds.