UK renewables sector slams oil and gas tax easing while green energy ignored
UK renewables sector slams oil and gas tax easing while green energy ignored | Windpower Monthly
UK renewables sector slams oil and gas tax easing while green energy ignored
A renewable energy industry body has slammed the UK government for cutting a windfall tax on oil and gas producers while keeping a similar levy on renewable energy generators in place.
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Related Knowledge Center: ENERGY BASICS: renewables
Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.