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Low-Carbon Industries unite to call for swift progress on Energy Bill

5 November 2012

  • CCSA, NIA and RenewableUK unite on joint letter to Energy Secretary
  • Call for Energy Bill to progress as swiftly as possible
  • Call for power sector to be largely decarbonised by 2030

The Carbon Capture and Storage Association, the Nuclear Industry Association and RenewableUK have today issued a joint call to the Secretary of State, Rt Hon Edward Davey MP in support of the Energy Bill and the fostering of a low-carbon electricity generation mix, as well as the need for swift progression to ensure that investment is urgently realised.

The three associations, representing over 1,000 corporate members, made the request in a letter to the Secretary of State today copied to the Chancellor, Prime Minister, Business Secretary and Deputy Prime Minister and Minister of State at the Cabinet Office.

The letter states that including a reference to the objective to largely decarbonise the power sector by 2030 in the Bill would reassure potential investors by lowering political risk and bring the cost of capital down for lower carbon generation.

The letter also flags the importance of swift progression of the Bill for investor certainty and asks for Royal Assent as early as possible in 2013.

Notes

  1. For further details please contact: Judith Shapiro at CCSA 07719 763 133 judith.shapiro@ccsassociation.org, Kirsty Alexander at NIA 07952 545 355 kirsty.alexander@niauk.org, or Jennifer Webber at RenewableUK on 07792 463 445 Jennifer.Webber@renewableuk.com
  2. The Carbon Capture and Storage Association exists to represent the interests of its members in promoting the Business of Carbon Capture and Storage (CCS). The Association works to raise awareness, both in the UK and internationally, of the benefits of CCS as a viable climate change mitigation option, and the role of CCS in moving towards a low-carbon global economy. It currently has just under 60 members.
  3. The Nuclear Industry Association (NIA) is the trade association and representative voice of Britain’s civil nuclear industry. It represents more than 270 companies including the operators of the nuclear power stations, those engaged in decommissioning, waste management, nuclear liabilities management and all aspects of the nuclear fuel cycle, nuclear equipment suppliers, engineering and construction firms, nuclear research organisations, and legal, financial and consultancy companies.
  4. RenewableUK is the UK’s leading renewable energy trade association, specialising in onshore wind, offshore wind and wave & tidal energy. Formed in 1978, it currently has 673 members.
  5. The letter sent to the Secretary of State and signed by the Chief Executives of all three organisations can be found here:

Joint RUK NIA CCSA letter on power sector decarbonisation Joint RUK NIA CCSA letter on power sector decarbonisation

 

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