Thursday, March 10, 2011

Incentives to Spur Renewable Heat Programs

Green is about movement to the next phase of the peoples evolution on this planet, which should have been started and not suppressed a couple of decades ago when technologies started coming online!

U.K. Plans Incentives to Spur $7.2 Billion in Renewable Heat Programs

Mar 10, 2011 - The U.K. government set out incentives aimed at spurring 4.5 billion pounds ($7.2 billion) of investment in renewable heating systems by 2020, the first program of its kind in the world.

The Department of Energy and Climate Change said it would grant subsidies worth 860 million pounds for geothermal heat pumps, solar thermal plants and biomass boilers. The measures first will be targeted at 25,000 households by July, and the full program will be in place by October 2012.

The program is part of Prime Minister David Cameron’s efforts to stimulate “green economy” jobs and curb fossil fuel emissions blamed for damaging the climate. Heating accounts for 47 percent of U.K. energy demand and 46 percent of the nation’s output of carbon dioxide.

“Renewable heat is a largely untapped resource and an important new green industry of the future,” Energy Minister Chris Huhne said in a statement in London today. “It’ll help the U.K. shift away from fossil fuels, reducing emissions and encouraging innovation, jobs and growth.” {continued}

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