Britain has introduced a new plan to increase energy efficiency and reduce greenhouse gases.The British government is promising payments to citizens who put power back into the National Grid.All this is in accordance with a G8 agreement "that global temperatures should not rise more than 2C above 1900 levels."
However, opponents of the plan say that it will require government subsidies, and "would mean an average annual increase of £230 on household fuel bills." Aside from compromising the efficient allocation of a free-market price system, opponents of this proposal suggest that it will only weaken the stability of the British economy.
“At present, only about 2% of Britain's energy comes from renewable sources, but the government has pledged to increase that to 15%within the next 12 years.”For a country whose national debt is predicted to "hit 75% of its GDP by 2013", offering fiscal incentives for 15% of its power is a steep order.
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