Publication date: October 2003
The 2003 UK Energy White Paper set out an aspiration to cut carbon dioxide emissions by 60% and create a low carbon economy by 2050. These deep cuts will require both a doubling in the uptake of energy efficiency measures and significant new supplies of renewable energy.
To maximise the economic return to the UK, public support should be targeted at technologies where the UK has competitive strengths. Like private investors, public interest organisations like the Carbon Trust need to invest carefully, making funding available in support of specific objectives. To pursue our objectives cost effectively will require us to prioritise between technologies and follow differentiated investment strategies.
The Low Carbon Technology Assessment, published in 2002, was commissioned to help the Carbon Trust make best use of its investment resource. It gives guidance on those technology groups with substantial potential for carbon emissions reduction and where investment by the Carbon Trust can make a material difference to the technology's progress towards commercialisation given other public/private sector funding.
Work undertaken in 2003 developed the findings of the Low Carbon Technology Assessment in the specific area of renewable power technologies in order to inform the Carbon Trust's approach to investment in this area. This report summarises the key findings of this work.
Download the report:
Building options for UK renewable energy (CT-2003-08)
Read more about our work in low carbon technology innovation.