Tag: Defra

Kiran Stacey

George Osborne did not spend much time talking about the energy industry today, but the spending review contained some important new figures and policies. Here, then is the spending review – as far as it effects the energy industry – in numbers.

£1bn

The amount to be spent on the UK’s CCS demonstration.

£200m

To be spent on developing new green technology, including offshore wind and developing port infrastructure.

£1bn

To be spent on funding the green investment bank.

5%

Average yearly fall in the DECC budget.

8%

Average yearly fall in the Defra budget.

£860m

The amount being spent on the renewable heat incentive over the next four years.

9%

The fall in feed-in tariffs planned for 2012 – the same as planned by the previous government.

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