Announcement

Edward Davey letter to the Independent on Sunday on the Emissions Performance Standard

This news article was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

In setting a limit on the amount of CO2 a plant can emit, the Emissions Performance Standard (EPS) is an important backstop designed to prevent…

In setting a limit on the amount of CO2 a plant can emit, the Emissions Performance Standard (EPS) is an important backstop designed to prevent new unabated coal-fired power stations being built (“A black Wednesday for the environment?”, 18 March). But it is not designed to prevent new gas-fired power stations. One in five of our ageing power stations is due to close in the next decade and it is impossible to build enough low-carbon capacity in that time. A gas plant is relatively quick to build and provides flexible back-up. As most new gas plants will be replacing coal plants, there is also a big win for reducing carbon emissions. Assurances that the emissions limit won’t be cut unexpectedly are important to investors.

The Chancellor has introduced a floor to the carbon price, rising over time, providing a disincentive to carbon-emitting electricity. And we intend to legislate to provide for long-term contracts for renewables, new nuclear and carbon capture and storage. This was set out in my predecessor’s July White Paper; I intend to see it through.

Edward Davey
Secretary of State for Energy and Climate Change
London SW1