Government

Low Carbon Electricity Investment: The Limitations Of Traditional Approaches And A Radical Alternative

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Executive Summary

Moving to a very low carbon electricity system is central to meeting the goals of UK energy policy, and indeed to the wider global challenge of tackling climate change. This will require massive investment in low carbon electricity sources. This paper identifies some key difficulties with the current mainstream approach of relying on the impact of a carbon price in the present liberalized electricity market, supplemented with additional incentive mechanisms like renewable obligation certificates and feed-in tariffs.

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