October 24 2014 Latest news:
Ben Woods, Business writer
Wednesday, January 22, 2014
East Anglia’s buoyant energy sector was handed further certainty from the European Commission today when it unveiled a binding renewable energy target of 27pc by 2030.
The announcement was followed by the news that the EU will also set a target of a 40pc cut to greenhouse gasses by 2030.
But there was frustration from trade association RenewableUK, which wanted a national binding target on renewable energy past 2020.
It comes just weeks after the UK government was granted free rein to produce more nuclear power stations to reduce its carbon footprint – instead of building more windfarms and solar farms– after EU Commission rejected calls for a legally binding renewable energy target for 2030.
Maria McCaffery, chief executive of Renewable UK, said: “While it is pleasing to see the EU Commission recognise that renewable energy is a key part of future energy solutions across Europe, the lack of ambition in not ensuring there are national binding targets for renewable energy is a disappointment.
“This is a missed opportunity for member states to take collective and serious action on the drive for clean, sustainable, renewable energy, which is the best option for reducing our carbon emissions.
“The Commission has gone out of its way to point out that member states are still free to set their own nationally binding renewable energy targets, so it is not too late for the UK Government to take leadership on this issue.
“To meet the binding Greenhouse Gas targets and also the UK Government’s stated aim of tackling climate change, we need to keep investing in the world beating renewable sources we have, which can also bring thousands of jobs and help our energy security.”
One of East Anglia’s largest crane hire companies, Quinto Crane & Plant Ltd, has been bought out in a multi-million pound deal, with the new owner promising to safeguard the jobs for its 125 employees and guaranteeing future investment.