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Liberal Democrats to privately invest £100 billion in renewable energy

Liberal Democrats to privately invest £100 billion in ...

The Liberal Democrats look to improve the UK’s renewable energy infrastructure with at least £100 billion of private investment, in addition to wanting a third of the UK’s energy demand to be met by 2020 from renewable sources.

The party launched their manifesto which outlined the five ‘green laws’ which focused on the UK’s commitment to improve the environment with energy policy playing a crucial role. Nick Clegg also stated a number of ambitious targets for investment in renewable technologies.

The party has worked with the Committee of Climate Change (CCC) to achieve their goal of a “Zero Carbon Britain”. They have said they want this status by 2050 by being monitored by the CCC.

However despite the huge investment in order, the Renewable Energy Association (REA) has expressed the Liberal Democrats manifesto to be “Most surprising, most disappointing”.

“Without a mention of solar, the Lib Dems have also signalled their disdain for large biomass, a technology that provides a more cost-effective baseload low-carbon generation than their much heralded Hinkley C nuclear ambitions. Such policies seem to have been formed off the back of misguided views on forest sustainability that has no foundation in evidence and has even been discredited by DECC, a department they have run for the past five years.”

With all the parties having their own policies on renewable energy, begs the question of who will have the biggest impact to the environment. Despite the heavy investment the Liberal Democrats are aiming to put into their policy, questions can still arise as debates continue as to whether the money is going towards the right areas.

Posted by:Ecolution Products Limited

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