UK Energy Policy
The Energy White Paper of 2007 is the basis for the current Energy Policy in the United Kingdom (UK). Goals of the White Paper included;
Ensure that every home is adequately and affordably heated.
Maintain reliable energy supplies.
Put the UK on a path to cutting CO2 emissions by 60% by 2050, and show real progress by 2020.
Earlier in May 2012, The Secretary of State for Energy and Climate Change, Edward Davey of the Liberal Democrats, put forth a written Ministerial Statement or draft publication of an Energy Bill.
However, recent news reports share that the current Energy Policy is anywhere from untenable, to something that a group of Muppets could have done better at, given the opportunity.
The interest in the development of North Sea Oil and Gas field by investors is currently at its peak. Also there are portions of the UK both offshore and on, that have great potential shale gas reserves, not unlike those in the western United States.
Those closest to the UK Energy situation indicate that Edward Davey’s proposal looks to predictability and stability for the UK’s energy resources, current and future. Prime Minister and Conservative Party Leader David Cameron’s proposal is found in the Conservative Party’s Energy Policy paper “Rebuilding Security.” However the two proposals put forth are in direct conflict with one another.
Europe has seen regulations akin to the U. S. Environmental Protection Agency (EPA) that have blocked and slowed the development of shale gas as well as contributing to some of the highest electricity prices in the world. While the current resurgence in shale gas and oil exploration and development in the U.S. has brought about significantly lower natural gas prices and steady employment to those regions, this budding growth industry concept has fallen on deaf ears in the UK.
The consensus appears to be by those in the know regarding the future of UK Energy policy is that they should not neglect those resources in their backyards, and just offshore, by looking to those green energy options which are far more expensive currently.