Qualified advisers answering your
Financial Questions
call 0800 092 1245

UK government's Energy Act 2010 given Royal Assent

In what many believe could herald the start of a major campaign for cleaner fuel in the UK the UK government's Energy Act 2010 has been given Royal Assent and passed onto the statute books. While predominantly the act will focus on the development of clean coal in the UK it is likely to kick-start a significant change in UK energy markets which will see carbon capture and storage techniques improve dramatically.

The UK government has long been a fan of more efficient energy production in the UK although to the dismay of many voters these "green policies" tend to lead to significant tax increases and cost burdens for UK consumers and UK businesses. While there's no doubt that the UK is making progress in this particular field the government has announced ambitious plans to reduce emissions by 34% from 1990 levels by 2020 and a massive 80% by 2050.

The introduction of the Energy Act 2010 comes only weeks after the UK government announced plans for the UK's first coal-fired power station in Scotland which will be equipped with carbon capture and storage facilities. It will be interesting to see how this area of the UK energy market develops in the short to medium term and whether UK taxpayers receive any form off investment return on the massive amounts of money already invested.

Share this..

Related stories

Financial Guides

Financial Calculators

Our useful calculators can help you get your finances in order:

Latest News


Helpful new tax year facts that could affect you and your money

Blog | Seven helpful new 2016/2017 tax year facts that could affect you and your money. Our recent online blog shares a brief outline on how to stay up to date.

Read more

Useful Links

Popular Searches

Please Enter More Details

Enter More Details