Scotland ROCs boost wave and tidal power
The Scottish Government is likely to increase funding for wave and tidal energy technology following proposed changes to the Renewables Obligation (Scotland) published today.
Under the new system wave devices that have not received government funding will receive five Renewable Obligation Certificates (ROCs) for every megawatt of power produced. Tidal devices will be awarded three ROCs. Other sources of renewable power will continue to receive one ROC per megawatt.
Under the terms of the Renewables Obligation (Scotland) 9% - rising to 15% by 2015 - of the energy electricity companies supply must come from renewable sources. Firms are awarded ROCs for every megawatt produced renewably and must buy permits, currently priced at £47, from other electricity producers if they miss the targets.
Would you like to know more about the green strategies of Europe's top companies? Then have a look at our
environmental strategy event coming up soon in Amsterdam.
If you would like to know more about how large companies are taking climate change and making it part of their strategy, you might be interested in finding out about our
climate change summit on 17-18 February 2009 in London.
And, if you are interested in how big companies are tackling water concerns take a look at the
water and business summit. 100 industry leaders to discuss water as business critical this November in London.
There are also some new climate change
business intelligence reports available. On emissions trading, offsetting, reducing carbon, and reporting.
Back to News
Respond:
Write to the Editor at zara@climatechangecorp.com.
ClimateChangeCorp welcomes your comments.
Red fields are required.