The government finally ended 19 months of uncertainty when Business and Energy Secretary of State Greg Clark announced the decision to reject the Swansea Tidal Lagoon because the “proposed programme of lagoons do not meet the requirements for value for money”.
This was framed against the Government’s “clear commitment to bear down on costs” when Claire Perry, Minster of State at BEIS – echoing Clark – recently stated that low carbon projects should be assessed against the ‘three C’s’:
- Carbon reduction
- Consumer bills and
- Competitive advantage.
It is therefore important to consider the decision against this backdrop.
Read the full energy policy analysis by the Policy Exchange here:
6 Jul 2018