The Committee on Climate Change (CCC) has released an energy assessment report, investigating the benefits of investing in low-carbon technologies.
The whitepaper reveals that by 2020, British households could save a total of £45bn, or £1,600 apiece, by embracing the latest environmental measures.
However, with rising gas prices, increasing energy consumption and depleting natural resources, the report explains that continuing to rely on fossil fuels and non-renewable generation would see utility prices increase by over £100 annually for the typical household.
Switching to a completely green power generation would provide significant economic benefits, stimulate forthcoming consumer dividends and future-proof the UK’s energy resources.
The CCC is calling for the government to make an ongoing commitment to support investment in low-carbon technologies, acknowledging the importance of parliamentary backing to ensure an effective switch to green energy generation.
Lord Deben, Chairman of the CCC believes that a failure to commit would lock out the benefits of portfolio investment in renewables, risk soaring future energy prices across the UK, and turn our backs on the negative impacts of climate change.
Renewables expert Jodi Huggett, Business Development Director of 4Eco – immerSUN, said the findings of the CCC report, should be supported: “The recent findings identify ongoing cost-savings for consumers if we act now, but also highlight the minimal investment needed for a switch to renewable energy.
“In a time of fuel poverty, where utility prices are rising, natural resources are stressed and consumers are struggling to pay for their energy consumption, finding alternative techniques to reduce costs and conserve natural supplies is essential.”