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April 30, 2008

British Parliament to Vote on Renewable Energy Feed-in Tariff Today

Ahead of a crucial House of Commons vote on Wednesday, which aims to add a renewable energy feed-in tariff (FIT) to the energy bill currently working its way through parliament, a broad-based coalition says that parliament has no time to waste and must act to adopt more aggressive clean energy policies. Farmers unions, environmental groups, and mechanical engineers, are banding together and displaying the widespread political support for changes in the UK's energy portfolio.

FITs have been introduced in nearly 5A0 countries around the world, and they have been particularly successful in Germany where the guaranteed rate for solar power fed to the grid has made it the world leader with 55% of the global installed solar capacity. And as the evidence from Germany shows, not only is the FIT a powerful tool for building renewable energy capacity, but it is arguably the most cost-effective way of doing so.

The Guardian (4/28/2007)

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