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  • Britain loses top energy rating after green policy U-turnsopen in new window
      Britain has lost its top-notch energy policy rating from the UN-accredited World Energy Council after the government prematurely cut some renewable energy subsidies, creating uncertainty about how it will address support in future. The nine green policies killed off by the Tory government The World Energy Council has downgraded Britain to an AAB rating, from AAA, inits annual “energy trilemma index”, which ranks countries’ energy and climate policies based on the issues of energy security, equity and sustainability. The downgrade reflects the damage the subsidy cuts have caused to Britain’s reputation as an attractive renewable energy market. Earlier this year Britain scrapped subsidies for onshore windfarms, closed support for small-scale solar projects and changed the way other renewable energy projects qualify for payments, saying they were becoming too costly for taxpayers. “The UK government must give more predictability to investors in the way the electricity market reforms are progressed,” said Joan MacNaughton, executive chair of the World Energy Trilemma study. Britain reward...More 19 Nov, 2015