Renewable Heat Incentive funding confirmed
The government has recently announced as a result of the spending review, that over £800 million of funding will be put forward to the Renewable Heat Incentive throughout 2011-2012.
More precisely, George Osbourne has confirmed the total of funding will amount to £860 million and he provided certainty that the RHI will definitely be going ahead.
The increase this will cause in the production of renewable heat will be outstanding throughout the next ten years, the government has commented that it will result in "shifting renewable heat from a fringe industry firmly into the mainstream".
This advance has been welcomed by the Renewable Energy Association, viewing it as a massive breakthrough in the energy arena. Gaynor Hartnell, chief executive of the organisation has said that "we need to see the details but it looks like they're serious about supporting massive growth and employment in the UK's renewable energy sector."
Currently our heat usage results in 47 per cent of the UK’s carbon emissions. The previous government attempted to overcome this with a renewable heat levy, but the new coalition government is no longer going ahead with this.