Introduction CRIF_Senior Officer Event 12th October
Cambridgeshire Renewables Infrastructure FrameworkThis project is being developed as part of the Climate Change Skills Fund. The fund is managed by Sustainability East on behalf of Improvement East
Agenda1. Welcome and Introductions by Nigel Howlett, CHS Group2. Cambridgeshire’s Energy Challenges - Sheryl French, Cambridgeshire Horizons3. Presentation by Duncan Price, Camco4. Q & A - Nigel Howlett5. Workshop - Camco6. Next Steps - Sheryl French
The Key Driver for Change• The Climate Change Act 2008 legally binds the UK to deliver its commitment of 80% reduction of CO2 emissions by 2050• The Coalition Government has committed to deliver the 4th carbon budget which covers the period spanning 2023 to 2027 and commits the UK to cut its emissions by 50% on 1990 levels, on course for emissions cuts of 80% by 2050. “By making this commitment, we will position the UK as the leading player in the global low- carbon economy, creating significant new industries and jobs,” said the Prime Minister. Huhne added that the announcement will give investors the certainty they need to invest in clean energy”.
The Policy FrameworkCarbon Emissions Targets for 2050 Zero Carbon Policy for New HomesElectricity Market Reform Presumption in Favour of Sustainable DevelopmentAffordable Warmth The Green Deal Carbon Budgets Feed-in Tariffs The Green Investment Bank Energy Bill Strategy to Promote Microgeneration
The UK Energy Trilemma Affordable Energy £200 billion energy investment required in Britain Global competition for energy over the next decade (Ofgem, 2009) Reducing supply of fossil fuels Securing alternative energy supplies UK Energy Security Low carbon energyGlobal demand for energy Climate Change Act 2008,forecast to increase by 45% reduce CO2 emissions bybetween 2006 and 2030, (IAE 2008) 80% by 2050 from 1990 levels
Source: E.ONThe energy challenge ELECTRICITY SUPPLY GAP Page 7
What does this mean forCambridgeshire?• We need to find a way of dealing with rising fuel prices.• We need to find a way of responding to targets – and the policy framework it offers. If we don’t we’ll find investment and opportunities go elsewhere.• We need to know what options are on the table - how much energy will we need to generate, - how much will we have to rely on energy efficiency and - what investment, skills and resources do we have to tackle these problems• CRIF is Cambridgeshire’s attempt to deal with this in an honest, sensible and transparent way.
The CRIF Project• Given that doing nothing is not an option, the project is looking at our current and future energy requirements and asking the following:• What options are available to us?• What choices make sense for us in Cambridgeshire?
CRIF Aim & Objectives• To be proactive about addressing the known energy issues facing us in Cambridgeshire• Identify opportunities for renewables investment by communities, private sector and use of public sector assets• Make best use of the growth agenda to support renewables and investment in existing housing stock• Creating and supporting green jobs• Involving stakeholders in developing the CRIF
Scope of Work• Step 1: Identify a baseline of energy use
Scope of Work• Steps 2+3: Three pathways for community, commercial and public sector investment• Identifying a supporting policy framework• Developing a coordinating plan for investment• Identifying how the community can benefit
What will the CRIF give us?• An evidence base on which informed decisions can be taken• A menu of technology options from which Cambridgeshire will need to choose how to move forward• A view from stakeholders on how they can invest and deliver in Cambridgeshire to support the low carbon economy
Public Sector - OpportunitiesZero Carbon policy could potentially increase the role of local authorities in delivering low carbon growth.
Public Sector - Opportunities The zero carbon policy introduced the concept of allowable solutions – this creates the role for community energy funds
Community energy fund is a means of channelling developerinvestment in carbon reduction into the local area Allowable Solutions investment raised in Cambridgeshire Developer CO2 reduction Cumulative investment (£ million) 70 obligation 60 50 Payment to Fund 40 On-site CO2 reduction % of target met by payment 30 % of target met through on- into an Energy Fund 20 site measures 10 0 2009 2011 2013 2015 2017 2019 2021 2023 2025 The Community Energy Fund Developer Fund invests in local Fund invests in local investments are COlow carbon projects 2 reduction pooled in the Fund Potential revenue into the Fund
Public Sector - Opportunities• An asset base of £3 billion• Prudential borrowing to invest in new schemes and bring financial returns to support services• Investing and keeping financial benefits local• Policy certainty?• Creating local jobs