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Follow on Google News | CoolPass Inc.: UK Plans subsidies to spur $7.2 billion in renewable heat programs.The UK government set out incentives intended to spur £4.5 billion of investment into renewable heating systems by 2020.
By: CoolPass The new scheme is part of Prime Minister David Cameron’s drive to stimulate “green economy” jobs and to cut back on carbon emissions blamed for climate change. Heating is responsible for 47% of UK energy demand and 46% of the country’s greenhouse gas emissions. “Renewable heat is a largely untapped resource and an important new green industry of the future,” Energy Minister Chris Huhne said in a recent statement available to CoolPass. “It’ll help the U.K. shift away from fossil fuels, reducing emissions and encouraging innovation, jobs and growth.” The news was welcomed by some of the nation’s largest utilities, including E.ON AG and British Gas, part of the Centrica Group Plc. The CEO of the Renewable Energy Association said he felt that “thousands” E.ON UK’s managing director of energy solutions, Graham Bartlett, told CoolPass that “It’s absolutely vital that we start weaning ourselves of an over-reliance on gas boilers.” E.ON currently owns five gas fired power plants in Brittan. # # # We sell the retirement of carbon offsets on your behalf so that they are removed from circulation forever. By retiring the offsets, CoolPass insures that the underlying CO2 is never traded again and that the result is a positive environmental impact. End
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