How renewable electricity can transform the UK by 2030
25-10-2011 | A ground-breaking new report from WWF shows that renewable energy is the key to reducing carbon emissions from the UK power sector in a way that is stable, secure and affordable.
Positive Energy: how renewable electricity can transform the UK by 2030 shows that it is perfectly feasible for renewables to deliver at least 60% of the UK’s electricity demand by 2030, enabling us to reduce emissions without resorting to new nuclear power. By reducing our demand for energy we can reduce the costs of new low carbon generation capacity by around £40 billion by 2030, making it easier and cheaper to hit our climate targets.
Commenting on the report, James Vaccaro, UK Managing Director, Triodos Investment Mangement said:
"We welcome the Positive Energy report from WWF/Garrad Hassan which adds weight to the massive contribution renewable energy can play in addressing energy security and environmental issues within the short-to-medium-term.
"We have long believed in the need to initiate a productive debate within the political sphere asking 'what is the most efficient way to transform the energy infrastructure to sustainable renewable energy - and what infrastructure is required to support this?'.
"This combines the need to reduce primary demand through energy efficiency and developing and deploying clean renewable energy technologies. With critical decisions to be made imminently about our energy choices, this report comes at a crucial time."
Triodos Bank is a global pioneer of sustainable banking, with a mission to make money work for positive social, environmental and cultural change. Triodos has been investing in the Energy and Climate sector since the early 1980s and has built up a strong track record in this area, funding over 300 sustainable energy projects across Europe.
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About Triodos Bank
Triodos Bank only finances Loan customers creating social, environmental or cultural added value - ranging from large ethical Loan customers to smaller, innovative organisations meeting local needs. Key sectors include organic food and farming, renewable energy, social housing and fair trade. Transparency is a core value: customers are informed about the Bank’s lending and can target their savings to particular areas of investment. A range of personal savings accounts is offered and full banking services are available for businesses and charities.