Severn Trent Water, one of the UK’s biggest water utilities is on course to complete the first commercial scale dedicated crop digestion plant. Each year 37,000 tonnes of maize is fed into £15 million worth of machinery investment, enabling Severn Trent Water to produce 15GWh of electricity which will be utilised to help run the sewage treatment works.
A recently commissioned report by a group of MPs states a new system of energy rationing is required to fully tackle fuel poverty and ensure cuts in greenhouse gas emissions across the UK.
The introduction of Tradable Energy Quotas (TEQs), where credits are issued free to all adults would “ensure fair and equal entitlements to fuel and energy”. All surplus TEQs could be bought and sold, meaning there is no limit placed on the number of credits an individual could own. Both public and private sector organisations would be required to bid for their credits via a weekly tender.
Many businesses have reacted angrily to last week’s announcement regarding the CRC Energy Efficiency Scheme and the new ‘green stealth tax’.
Following George Osborne’s speech at the Comprehensive Spending Review, it now appears promised rewards for improved energy efficiency generated from CRC participants will no longer be returned back to high performing organisations. Instead the government will pocket an anticipated £1 billion per year, totaling £3.46 billion between 2010 and 2015. Within the new cap‐and‐trade scheme, organisations are required to purchase CO2 allowances at a cost of £12 per tonne of CO2 emitted, coming at a considerable expense to some organisations.
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