3.3.2 and wind turbines increases the price can

3.3.2 How Brexit can affect U.K renewable energies
future targets

 

The EU
regulations have affected the way the UK have placed its targets to reduce the
CO2 emissions, the use of green energies and the air quality.

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The ones,
who don’t believe that humans are causing global warming, were the ones on
favour of exiting the EU. When the UN’s IPCC, states with 95% certainty that
humans are causing global warming during the past decades.

Brexit
also brings unitability to the country so investors are less likely to invest
in any sector and the investment in renewables has decreased over the
negotiations. The European
Investment Bank has invested £5.59 billion into renewable energy since 20073.3.5. The UK has been the
most beneficed, receiving a quarter of these funds, significantly more than any other
country.

 

If the UK
leaves the EU, the UK will not have more targets o and if it wants to grow more
as a country and use non-renewable energies it’s free to do so.  The only restriction that the UK will have is
the Paris Agreement only if it decides to sing it.  But most of the targets that were discussed
before were placed by the UK before the Brexit so it’s more likely that the
country will reach the goal and switch to clean energy.

 

3.3.3Cost of implementing the
energy

Energy as
all industries have something in common price effect on demand.  That means that if the demand increases and
the price of the supplied materials remain the same. What does this mean for
renewables energies? Well if the demand in solar panels and wind turbines
increases the price can be constant for a couple of years but the investment
place in buying the product will help the manufacturers to reduce the cost an
invest in more efficient ways of improving the product.  Therefore the product can produce more energy
at a cheaper price.

One clear
example is wind power, at the moment consist
of 8,135 wind turbines with a total installed capacity of over 17.2 gigawatts: 11,414 megawatts of onshore capacity and 5,788 megawatts
of offshore capacity 3.3.6. 
If the UK doesn’t install this wind farms it will have to pay penalties
fees Through the Renewables Obligation.  This helps that
the country invest in implementation, innovation and maintenance of the
technologies.  Helping that harvesting
natural energy become easier and more efficient.

For
small sectors at the moment the UKs Government are offering grands and free
solar panels for house owners.  This is a
big step as the top of the roofs are wasted space that can be used to farm
energy.  Hose owner are expected to see
earnings after 10 years. It is a good investment as small plants will last for
more than 20 years.

Sixteen
years ego the price of small solar panels was extremely high as they could go
as high as £1,350 per watt in today’s money, they were only used in space
satellites.  Now the price of a solar cell
went down to £0.55 per watt.

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