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UK Looks To Steer Green Energy Subsidies Towards Fracking

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The Government is looking at steering green subsidies for renewable energy towards the research and development of other low carbon technologies, including shale gas. 

Energy Ministers are expected to announce tomorrow morning further cuts to the financial support it provides to the solar power industry following the planned withdrawal of cash backing for the onshore wind industry.

In a written answer to Parliament, Minister Andrea Leadsom confirmed the current Spending Review is looking at redirecting renewable energy subsidies towards other sources of low carbon energy, which includes fracking and nuclear power.

In a further blow to the nation’s renewables sector, Energy Secretary Amber Rudd this morning indicated to MPs that the onshore wind industry would not be eligible to access payments through the Contracts for Difference (CfD) programme.

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