Got a spare £250? I thought not! Miliband wants it!
Ed Miliband’s lot have finally blown it ! The link that Open Europe gave me leads to a battery of sub-headings one of which contains the key point I was looking for - “How much?”
OE summarises this as:-
(The) Strategy, which is designed to meet the UK's share of the EU target of producing 20 percent of energy from renewables by 2020, will cost £4.2bn a year with annual benefits of £0.3bn a year. The cumulative cost is estimated at £60bn over 20 years, while the value of carbon saved is estimated at £5bn.
The Renewable Energy Strategy will translate into higher energy bills. The Government's Impact Assessment estimates that its policies to boost renewable energy use will add an average of £75 to domestic electricity bills and £172 to domestic gas bills by 2020, an increase of 15 and 23 percent respectively.”
The full impact Assessment is on :-
UK Renewable Energy Strategy 2009: Overall Impact Assessment
Size: [399 KB] File Type: [.pdf]
Go to the RES site as below and follow the link (the third one down)
Miliband is so brainwashed by this Climate Change nonsense that he seems proud of this disaster amounting to a tax of £250 a year per household.
Christina
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Department of Energy and Climate Change 6.8.09
The Renewable Energy Strategy (RES)
Renewable energy is key to our low-carbon energy future. We need to radically reduce greenhouse gas emissions, as well as diversify our energy sources. As part of this move to a low-carbon economy, we need a dramatic change in renewable energy use in electricity, heat and transport.
The UK has signed up to the EU Renewable Energy Directive, which includes a UK target of 15 percent of energy from renewables by 2020. This target is equivalent to a seven-fold increase in UK renewable energy consumption from 2008 levels: the most challenging of any EU Member State. While such an increase is ambitious, and will be challenging, we are fully committed to meeting the target.
Following the major consultation on the Renewable Energy Strategy in 2008, we have now published our Renewable Energy Strategy and Executive Summary. This strategy sets out how we all have a role to play in promoting renewable energy, from individuals to communities to businesses.
Meeting our renewable energy targets are not just about preventing climate change and securing our future energy supplies. Achieving our targets could provide £100 billion worth of investment opportunities and up to half a million jobs in the renewable energy sector by 2020.
Alongside the Renewable Energy Strategy document, we have also published a suite of impact assessments and supporting analytical consultancy reports. The main consenting bodies for renewable energy and environmental statutory consultees have also published a joint statement setting out their collective commitment to achieve greater renewable energy deployment.
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