E3G founding director Tom Burke argues that pressure from Secretary of State for Energy and Climate Change Ed Davey has led to a number of positive developments seen in the Energy Bill – despite some Treasury opposition.
Davey may not have got the headline but he does seem to have won the substantive point on the decarbonisation target. In doing so, he has locked in the delivery of a third of our electricity from renewables by 2020 and pre-empted a lot of the money needed to subsidise new nuclear. He has won on the vexed issue of a single counterparty thus increasing investor confidence.
On my count that is 4-0 to the Liberal Democrats and as good a demonstration as you could want that it is possible to make the environment and the economy work together.
The full article is available to read on the Guardian website.