Britain should abolish its renewable energy target and use the cost savings to invest in natural gas-fed power stations and revamp houses to make them more energy-efficient, according to researchers at Policy Exchange.
Britain could save as much as 900 million pounds ($1.4 billion) a year by scaling back ambitious wind-power projects around its coastline, the research group in London said in a report published today. The U.K. should install about 9 gigawatts of offshore wind generation, rather than 13 gigawatts, and plug the gap using natural gas-fed plants, according to the report, written by Simon Less, a senior consultant at the Policy Exchange.
