Friday, July 9, 2010

'Enormous increase' in cash needed for carbon targets

Subject: txt intl grn engry -
More than £10 billion of investment is needed to help [tiny-little] Scotland meet its target for cutting emissions by 2020, a new report has claimed. It warned that without an "enormous increase" in investment and "significant" technological development, there was a "very real risk" that the 2020 target and the one set for 2050 would not be met.

The energy regulator, Ofgem, has already estimated that £33bn of investment is needed in offshore wind across the UK. The report said a "significant proportion" of this, totalling more than £10bn, would be required north of the Border...



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