EU and UK Renewable Policy

1
EU and UK Renewable Policy

• EU has a legal requirement for 20 of energy to
  be sourced from renewable sources (nuclear cannot
  be counted). Individual member states (i.e.
  countries) are free to implement their own
  policies to achieve their share of this target
• The UK is required to achieve 16 by 2020
• The requirement is for all energy, not just
  electricity
• The existing ROC (Renewable Obligation
  Certificates) scheme in the UK is similar to the
  expanded Renewable Energy Target
• 1 ROC 1 MWh of new renewable generation
• Approximately 40-45 pounds per certificate
• Onshore (1/4) and offshore (1/2) wind likely to
  be largest sources
• Similarly to Australia, the best wind resources
  are not located near good grid access (i.e. top
  of Scotland)
• Once critical point of difference is that the
  expanded Renewable Target in Australia includes
  small scale generation and solar hot water
• The RET may yet be adjusted to remove small scale
  generation and solar hot water as eligible
  sources (if the scheme is to be consistent with
  other global policies such as the ROC scheme)