$20 billion for UK biomass power, as policy changes

In the UK, the government removed a major financing obstacle for biomass power plants and committed to supporting the industry via obligations on utilities to use clean energy over the next 20 years. The move should release approximately $20 billion in private sector investment for the industry.

According to the Department of Energy and Climate Change, it will “grandfather” its backing for anaerobic digestion and energy-to-waste plants, as it does for other renewables, instead of subjecting it to review every four years. The government also extended its support to all fuel costs for biomass developers, which were not initially included.

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