Industry Analysis & Industry Trends
Over the past decade and a half a radical shift in focus among the public, policymakers and industry participants towards renewable energy has occurred. Increased awareness of the impacts of climate change has driven an aggressive decarbonising strategy, spearheaded by the Renewable Energy Generation industry. Renewable sources accounted for 4.1% of final energy consumption in 2012, according to the Department for Energy and Climate Change, leaving the industry with plenty of work to do in order to meet the target of 15% by 2020, which was set by the European Union. In order to meet this target, 30% of UK electricity, 12% of heat and 10% of transport energy must be generated from renewable sources. However, only the first two fall within the scope of the industry... purchase to read more
Industry Report - Industry Analysis Chapter
Operators in the Renewable Energy Generation industry produce both electricity and heat from renewable sources. The most common renewable sources for generating energy in the United Kingdom are wind, biomass, hydropower, solar, ocean power and geothermal power. Plant or animal matter, wood, waste and landfill gas are collectively known as biomass and are incinerated to produce energy. Greater public awareness of the effects of climate change and concern over Britain's dependence on the depleting fossil fuels have encouraged policymakers and energy companies to find more sustainable ways to generate energy. This has benefited the Renewable Energy Generation industry, which has grown significantly in recent years.
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