The energy industry has made great strides forward in the last decade.
Decentralised energy production is now allowing for homes, businesses, and communities to produce and consume their own energy in unprecedented ways.
However, a key policy in this endeavour – the Feed-in Tariff (FiT) – is in danger of being cut by the UK government. The final announcement on the subsidy deal is being announced imminently.
The FiT policy has been an instrumental tool in securing the deployment of solar panels on the rooftops of over 750,000 homes in the UK.
What’s more, FiT has also been a critical tool in developing non-solar industries. The growth of the production of biogas and organic fertiliser (digestate) by the anaerobic digestion industry have been supported by this policy, and are also under threat if the tariff is substantially reduced.
The UK’s renewable energy industry is rapidly approaching the point where subsidy will be no longer needed, but cutting subsidies too suddenly and severely risks a substantial loss in jobs and expertise, prolonging the movement to cost-parity.
The UK desperately needs a stable policy regime.
There are humans behind these cuts. The renewable energy economy in the UK creates over 112,000 jobs in the UK.
Salt has teamed up with the Renewable Energy Association to release videos and content in the coming days, weeks, and months, to support renewable British business and to urge our Chancellor George Osbourne to #keepitclean.
DEAR GEORGE OSBORNE – REAL LIVES WILL BE AFFECTED BY YOUR POTENTIAL CUTS. WATCH VIDEOS FROM THE RENEWABLE ENERGY INDUSTRY BELOW
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