Brexit Deal Guidance: Within this briefing, we highlight the outcomes relating to the EU-UK Free Trade Agreement (the Brexit deal) relevant to REA members.
The REA has published a report outlining the key policies needed to achieve a successful Green Recovery / Amongst the policy recommendations, the report highlights energy efficiency and reducing VAT rates as key to unlocking a Net Zero economy / The REA is calling on the Chancellor to implement these recommendations in his forthcoming stimulus package / This comes in the same week that Prime Minister Boris Johnson sets out the first stage of UK economic recovery
A new report from the REA has found that jobs in renewable energy and clean technology could increase by 85% in just 10 years if supported by the Government / A fifth (46,000) of these jobs are predicted to be in the North of England, which is currently home to a number of carbon intensive job clusters / To see growth in the renewable energy and clean technology sector the Government must implement effective policies in the short and long term
The UK has run for more than 1600 hours without coal power so far in 2018 / The amount of coal-free hours in 2018 is already double the combined coal-free hours of 2016 and 2017 / This is the third time this year that the UK has broken records on low coal consumption
Government ends future support for renewable power deployment in Budget until an estimated 2025 / No additional clarity as to how projects will be supported following the existing round of “Contracts-for-Difference” auctions in 2020 / Carbon price trajectory not set as expected / Lack of clarity around how future heat projects will be supported / New support for electric vehicles welcomed but does not fully address significant issues that this Budget poses to the larger renewable energy and clean tech economy
Government data shows record renewable electricity generation in Q2 2017, reaching nearly 30% of the mix / Growth in renewable power generation comes amid over 50% fall in coal generation, which reached a record low / Analysis by the REA, however, shows declining solar PV deployment despite it being the cheapest means of new power production available / REA urges Government now to prioritise decarbonisation of heat and transport sector
REA releases annual publication REView 2017 / 125,940 people employed across renewable heat, power, and transport in the UK in 2015/16 / 2.5% increase in jobs increase compared to 2014/15 / Renewable energy industry worth £17.4bn / Over 16,000 jobs additionally in electric vehicles and energy storage / Renewable energy jobs growth could have been greater without “bonfire of the policies” which started in 2015 / Jobs growth has significantly slowed from nearly 9% two years ago
Ofgem confirms a significant reduction in the “embedded benefit” paid to small generators / Cut to benefit will damage existing projects as well as the development of new cutting edge clean tech projects
Government releases provisional 2016 electricity generation data in Energy Trends / Coal generation fell nearly 60%, yet renewable generation down as well / Data underscores urgent need to build new electricity generation capacity
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