U.K. Needs ‘Bolder, Broader’ RenewableEnergy Policy
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The U.K. needs “much bolder and broader” renewable energy policies to encourage technologies ranging from solar thermal power to liquid biofuels, said the Renewable Energy Association, an industry lobby group.
Wind, solar, other renewables and their supply chains were worth 12.5 billion pounds ($20 billion) to the economy in 2011, a figure projected to rise to 24 billion pounds in 2020, the REA said in an e-mailed report today. For Britain to meet its binding European Union target of deriving 15 percent of energy from renewables by 2020, sales from the industry would need to be closer to 50 billion pounds, it said.