| Posted on October 27, 2010 at 12:57 PM | 
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Rumours are surfacing of cuts of up to 10% in the Feed in Tariff as part of the UK Government’s looming spending review.
This would be disappointing news to the renewable energy sector as the yield generated from making green electricity already lags behind European competitors, despite countries such as Germany having already reduced their public funding contributions.
No doubt this will not be the last green funding reversal (the Carbon Reduction Commitment has already been ‘adapted’ in to a direct tax) but the UK government must be careful not to ruin the efforts of the renewables sector otherwise our aspirations to meet numerous carbon-related targets will founder.
This would be disappointing news to the renewable energy sector as the yield generated from making green electricity already lags behind European competitors, despite countries such as Germany having already reduced their public funding contributions.
No doubt this will not be the last green funding reversal (the Carbon Reduction Commitment has already been ‘adapted’ in to a direct tax) but the UK government must be careful not to ruin the efforts of the renewables sector otherwise our aspirations to meet numerous carbon-related targets will founder.
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