Britain’s balance of payments or trade deficit has officially ballooned to £20.8 billion. Investing in renewable energy offers an opportunity to reverse that trend.
The Renewable Heat Incentive and the Feed-in Tariff are Government mechanisms that are meant to incentivise people to generate green energy, but poor regulation means renewable power is going to waste and functioning renewable technologies are being scrapped in order to qualify for subsidies.
As the incident at Japanese nuclear power plant Fukushima Daiichi worsens, works are underway at Hinkley Point, one of several new nuclear power plants planned in the UK. But is nuclear power too risky to include in Britain’s low carbon energy mix?