Wednesday 20 October 2010

A Curate's Egg

Hmmm.

Could have been better - could have been worse.

Mr Osborne's announcements, of course.

The three big things everyone has been worried about are still there, but there's something rather mealy-mouthed about it all:
RHI - no indication of how the £860M will be allocated so nothing to get excited about yet. And that's somewhat less than the numbers trailed in February.
FITs - watch his space! What does HMG consider to be the most cost effective technologies?
Green Investment Bank - OK £1Bn is £1Bn but how much is that going to contribute in the long run?

Hopefully piloting CCS will crack on - it's needed.

DECC put a brave face upon it in their press statement but I bet there are some civil servants there who are smarting somewhat given the slashing of their administration budget.

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