UK leg­is­lates for green growth

Element - - Business -

Leg­is­la­tion to power low-car­bon eco­nomic growth, to pro­tect con­sumers, and to keep the lights on was in­tro­duced to the UK Par­lia­ment re­cently. The En­ergy Bill will at­tract in­vest­ment to bring about trans­for­ma­tion of the elec­tric­ity mar­ket, mov­ing from pre­dom­i­nantly a fos­sil-fuel to a di­verse low-car­bon gen­er­a­tion The Bill will sup­port the con­struc­tion of a di­verse mix of re­new­ables, new nu­clear, gas and car­bon cap­ture and stor­age, pro­tect­ing the econ­omy from en­ergy short­falls and sig­nif­i­cantly de­car­bon­is­ing the elec­tric­ity sup­ply by 2030.

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