Thursday, 27 January 2011

MPs warn that UK rules could hamper renewables investment

Investment in renewable energy technology could suffer as a result of new government rules that favour gas-powered generation, MPs are warning.

Plans to speed up the planning process for major energy projects do not prioritise low-carbon generation over conventional capacity, according to a report from the House of Commons Energy and Climate Change Committee.

This could encourage a ‘dash for gas’ from investors, and the development of too much gas capacity could crowd out opportunities for renewable sources of energy, the report warns.

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