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

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Monday 5th November 2012

• NIA, CCSA 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 Nuclear Industry Association, Carbon Capture and Storage 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.

Click here to view a copy of the letter.