The Energy Act, which was ratified last month, puts in place a package of legal measures which will support the creation of 200,000 jobs in the renewable energy sector including wind farms, solar and biomass, claim the Liberal Democrates.
The Act was pushed through by the Liberal Democrat Energy and Climate Change Secretary, Ed Davey and should provide investors and industry with the confidence they need to invest in the energy sector. Whilst also, placing a legal obligation on British governments to ensure the UK’s energy generating capacity is maintained and emissions are reduced.
Liberal Democrats in Government have already secured more than £30bn of investment in renewable energy which they suggest will support around 35,000 jobs and this new package of measures is expected to attract around £40bn of investment in renewable electricity by 2020.
Commenting, Ed Davey said:
“The Liberal Democrats are the party of green. I am proud that we have stood up for our environmental principles in Government and put tackling climate change at the heart of the coalition’s agenda.
“The renewables industry is a British success story. Liberal Democrats know that green jobs and industry must be at the heart of the stronger economy and fairer society we are building. That’s what the Energy Act delivers.”
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This news story was first published Thu, 19 Dec 2013 on http://www.libdems.org.uk