After the agreement at COP 21, we know that (like us) many of you will be asking that question, and you’ll not be surprised that it was met with a strong round of applause!
Jonathan Dimbleby, the chair, noted that this question comes off the back of a number of recent government changes:
- Cuts to funding for solar and onshore wind
- End of the green deal, designed to help individuals make energy-saving improvements to their homes.
- Cancellation of the project for carbon capture and storage.
Juliet Davenport, CEO of Good Energy, focused on the need for a level playing field for renewables if they are to compete with fossil fuels.
“…our biggest disappointment is this year the G20 countries are putting something like £420 billion into subsidising the fossil fuel industry and the UK amongst that is the only country that’s actually increasing the amount of subsidy that we’re putting into fossil fuels. That looks in terms of tax credits at about £9 billion a year.
“…what we’d really like to see is a level playing field so that renewables can come in and really compete against this and stop seeing the subsidies that we’re seeing going all over the place and have been for the last 50 years.”
Dimbleby asked if renewables really could compete against fossil fuels, and Davenport said it was important to look at it in the context of building new power plants – “renewables could compete as long as we saw that balance across all technologies.”
You can listen again here: http://www.bbc.co.uk/programmes/b071x889 (at 29.43 s)
Despite the recent government changes and lack of a level playing field for renewables, we’re working harder than ever to bring more clean, community energy to Bristol, Somerset and beyond though our solar fund-raise.
We’re making things happen. We’ve raised over £1.5 million in just a few months, bought a solar farm in Somerset which is generating clean electricity, and installed solar panels on two community buildings.
As well as the financial benefits to investors, our solar energy scheme gives local community buildings, like Castle School in Thornbury, the power to:
- Save money on energy bills
- Tackle climate change
- Address fuel poverty
In addition, when we meet our current target, £100,000 will be available for community groups, in 2016 alone, plus a further £70,000 per year for 25 years.
There’s still time to get involved. Find out more about our two year 6% bond offer.