‘Britain should find cheaper way to tackle climate change’

Bloomberg

The UK government should stop intervening in power markets and better manage its carbon budgets in order to curb the cost of tackling climate change and boost energy security. That’s the conclusion of a report by a panel of lawmakers in the House of Lords, which says government policies to encourage investment in low carbon energy have all but killed competition in the market.
Successive government’s subsidies for solar panels, wind turbines and new nuclear power plants such as Electricite de France SA’s Hinkley Point C in Somerset are pushing up consumer energy bills, according to the report from the Lord’s Economic Affairs Committee.