More co-ordination needed to improve funding for developing renewable energy
Government funding for developing renewable energy technologies needs to be more co-ordinated if the UK is to reach its 2020 renewable energy targets, according to a report published by the National Audit Office.
The report entitled Government funding for developing renewable energy technologies published on June 10 confirms that funding has delivered technology innovation and increased the supply of renewable energy.
However, the report also found that co-ordination of this funding has historically been limited and the absence of a consistent approach to measuring and reporting on the impact of this support means the overall value for money of spending to date cannot be demonstrated.
Government-funded direct support for renewable energy technology totalled between £265 million between 2000 and 2009 although this funding is separate from that which is provided through fiscal measures such as the Renewables Obligation. In 2008-09, this provided financial support worth around £1bn.
The report found that the Department of Energy and Climate Change (DECC) provides an opportunity to improve co-ordination and value for money from Government funding for renewable energy.
National Audit Office head Amyas Morse said: “The Department needs a more strategic approach to delivering Government funding for renewable energy technologies. This requires clearer plans, better information, improved co-ordination and a more consistent approach to assessing results.”
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