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Director of the independent uk energy research centre. thank you very much forjoining us. explain what is going on here. why is the government taking this action? 50 is the government taking this action? ., , ., is the government taking this action? ., ,, ., , . action? so as we all know, the price of as on action? so as we all know, the price of gas on global action? so as we all know, the price of gas on global markets action? so as we all know, the price of gas on global markets is - of gas on global markets is extremely high mainly because of the war in ukraine and the way that electricity prices in the uk and in many other countries work is that gas prices tend to set electricity prices. we have a lot of power stations that set the electricity price for everyone s. because the electricity price is so high because the price of gas is so high, nuclear and renewables which actually make up and renewables which actually make up more than half of our total generation mix now are bei ....
The headlines on bbc news. prime minister liz truss prepares for pmqs in less than an hour her first time at the dispatch box since last month s mini budget sparked market turmoil. it comes as fears are raised of a recession this year as households face soaring costs and the economy unexpectedly shrank by 0.3% in august for the first time in two months. the bank of england confirms its emergency bond buying scheme will close on friday, despite reports that it was considering extending its support for financial markets. the government is planning to change how much some renewable and nuclear power generators can charge for their energy. the move could hit profits generated from record high wholesale power prices. ministers say the proposal would ensure consumers and businesses pay a fair price for energy. but energy bosses say the plan could put off investors. i m joined by professor rob gross, ....
A £900m dash for greener gas: Ministers unveil blueprint for a hydrogen revolution thisismoney.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thisismoney.co.uk Daily Mail and Mail on Sunday newspapers.
They say this phasing in scheme would help drive down emissions between the medium to long term”. UKERC spokesman Professor Rob Gross said: “You might think that people not buying cars is a good thing for the environment. “But it’s not a good thing if they delay buying a relatively inefficient car, and that car is still being used for longer. “Every gram of CO2 that enters the atmosphere stays there, potentially for hundreds of years.” READ MORE Mr Buttle also attacked the new scheme just before Christmas as he warned the new 50 percent purchase tax seems “unreasonably high”. ....
Is road pricing looming? Treasury says switch to electric cars will leave a hole in tax revenues and it is considering how to offset lost income Treasury says in latest Net Zero Emission review that it faces a fiscal black hole from lost revenues generated from drivers through vehicle and fuel taxes It says government will need to consider how to offset these lost tax revenues This could be achieved through adjustments to other taxes or reductions in government spending Rishi Sunak is reportedly in favour of a pay-as-you-drive road pricing scheme The UK Energy Research Centre has proposed higher purchase taxes on new petrol and diesel cars in the lead-up to the ban on petrol and diesel sales in 2030 ....