Decarbonisation Measures in Proposed UK Electricity Market Reform | Wikipedia audio article
Channel: wikipedia tts
Date: 2019-01-18

This is an audio version of the Wikipedia Article:
https://en.wikipedia.org/wiki/Decarbonisation_measures_in_proposed_UK_electricity_market_reform


00:01:41 1 Proposals for decarbonisation
00:02:25 1.1 Carbon Price Floor
00:09:12 1.2 Feed-in tariff
00:17:03 1.3 Emissions Performance Standard
00:26:26 2 Summary
00:28:59 3 See also



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SUMMARY
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The United Kingdom is committed to legally binding greenhouse gas emissions reduction targets of 34% by 2020 and 80% by 2050, compared to 1990 levels, as set out in the Climate Change Act 2008. Decarbonisation of electricity generation will form a major part of this reduction and is essential before other sectors of the economy can be successfully decarbonised.The Government’s proposals for electricity market reform, published in a White Paper in July 2011, included three initiatives to encourage decarbonisation of electricity generation in the UK: A Carbon Price Floor to complement the European Union Emissions Trading Scheme (EU ETS); Feed-in tariffs which will eventually replace the Renewables Obligation; and an Emissions Performance Standard to restrict future use of the most carbon intensive forms of generation.In implementing these proposals, the Government aims to attract investment in low-carbon generation, deliver security of supply through an appropriate mix of electricity sources and ensure a minimum amount of impact on consumer bills; all this at a time when security of supply is threatened by scheduled closures of existing plants and both the demand for, and subsequently the price of, electricity is increasing.