Abstract
With climate change now a major policy issue, some quite radical carbon and renewables targets were set for the EU, with the UK, under a Labour administration, launching its own market-led programme, overseen by a new Department of Energy and Climate Change and backed by a new support mechanism, the Renewables Obligation (RO), as well as a Feed-In Tariff (FiT) for small projects. The subsequent Conservative-Liberal Democrat coalition government replaced the RO with an auction-based Contracts for Difference system for renewables, and also backed nuclear. However, with renewable capacity building up rapidly, the cost to consumers was also building up, while technology costs were falling. So, somewhat provocatively, radical cuts and caps were imposed on PV and onshore wind.
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Elliott, D. (2019). The Market Takes Off Into the 2000s. In: Renewable Energy in the UK. Energy, Climate and the Environment. Palgrave Macmillan, Cham. https://doi.org/10.1007/978-3-030-04765-8_6
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