|
- 11 December 2009
As the end to another decade draws to a close, we take a look at what 2010 and the next 10 years is likely to bring for the UK energy market. One thing is for certain that Governmental policy and social awareness will be the key drivers that influence the ever changing energy market over the next decade. With increased legislation and the start of the UK carbon trading market next year, through the recently introduced Carbon Reduction Commitment, large energy consumers will be obliged to enter the UK cap-and-trade scheme. Although nobody can accurately predict where this will end, we expect that over the next decade this will filter down to smaller and smaller business, until eventually a carbon allowance will be expected of each individual. The signs of this change are already happening, and perhaps this is the only way the UK can meet is Kyoto obligation of reducing CO2 emissions by 80% by the year 2050. One thing is for certain that this legalisation will focus the mind and make us all aware of how much we depend on long term renewable energy sources. It will also produce a multi billion pound industry as we strive for new advances in technology that will allow us to harness the power of nature, to produce these sustainable energy sources. With the current demand expected to outstrip supply as early as 2015, we are in desperate need of additional supply, be this from traditional coal or gas fired generation through to further nuclear generation, coming online over the next decade. Which ever way this happens, it will cause controversy either politically, environmentally or through the “ClimateGate” debunkers. What ever happens over the next decade there’s going to be a different attitude towards how we obtain and use any form of energy, and this is likely to gather momentum as the next generation of children grow up in a world that would appear totally alien to us in the future. This post has been viewed 1684 times. Related posts...
Comments Off
|
Login/Register
Search our blog
Archives
Categories
Business Electricity
Business Gas Business Water Commercial Energy Commercial Gas Commercial Water Energy Broker Home Energy News Latest News LED Lighting Oil News Renewable Energy UK Energy Suppliers UK Smart Meters World Energy News
Links
|
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.