The Committee on Climate Change (CCC), a Government advisory body, has issued a new report this week which claims that renewable energy helps to reduce consumers’ energy bills, by providing insurance against volatile international fossil fuel prices as well as more competition among a wide range of energy sources.
The report – Energy Prices and Bills 2017: impacts of meeting carbon budgets – sets out the benefits that wind and marine energy bring to the economy by growing new industries, and that the green economy is the fastest growing sector of all. It said that onshore wind offers a cost-effective way to keep bills down and is one of the technologies that can provide new generation in the 2020s. The CCC also says that offshore wind costs have fallen dramatically and will continue to do so.
Renewable UK executive director Emma Pinchbeck said:
“This report highlights the fact that the UK’s low-carbon sector is growing faster than the rest of the economy, already employing hundreds of thousands of people and contributing 2–3% of GDP, which is comparable in size to energy-intensive manufacturing.
With government looking to invest in industries of the future through the Industrial Strategy, the CCC’s findings clearly demonstrate that wind and marine energy should be priorities.”