DECC reduces spending on Low Carbon Technology Programmes

 

 

On Friday DECC published a press release that outlined its budget cuts on low carbon technology. The total spending reduction of DECC is projected at £85 million, with a £34 million contribution from savings on low carbon technology. The savings include:

 

• £3 million from closing the Low Carbon Building Fund.

 

• £6.1 million efficiency savings and under-spending on programme budgets within DECC.

 

• £4.7 million saved by cancelling the final funding rounds of the Bio-Energy Capital Grants Scheme and the Bio-Energy Infrastructure Scheme.

 

• The department will save £1 million on funding for the development of Deep Geothermal energy generation

 

• Saving £3 million by reducing the scope of the Offshore Wind Capital Grants Scheme.

 

• Early closing of the Energy Saving Trust technology trials, saving £700.000.

 

• Reducing the scope of the Central Government Low Carbon Technology Programme saving £2.9 million.

 

• The Carbon Trust will receive a £12.6 million reduction to this year’s grant for low carbon technology and business support.

 

DECC will spend £150 million on low carbon technology in 2010.

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