Conservative think tank Bright Blue calls for more funding and regulatory incentives to drive investment in green gas for heating UK homes. Ending the UK’s dependency on natural gas will be essential if the country is to meet its long-term climate targets, and as such a sweeping new plan is required to overhaul regulatory incentives to spur investment in greener technologies, introduce stronger emissions criteria for public procurement, and rethink how new houses are valued. That is the conclusion of a new report by conservative-leaning think tank Bright Blue today, which argues the government should take steps to increase the supply of low carbon gases such as hydrogen and biomethane while reducing demand for natural gas in the heating sector. The report calls for new government investment and incentives to encourage gas network decarbonisation as an “urgent priority” in regulator Ofgem’s next price control framework, which runs from April 2021. It makes the case for a new ‘low carbon gas obligation’ on gas suppliers with a requirement to deliver a steadily increasing proportion of biomethane, bioSNG, and hydrogen to the gas network.
Business Green 15th Feb 2019 read more »