Thursday 12 July 2012

Defra updates on AD strategy

Defra has published its latest progress report on the AD strategy and action plan: http://www.defra.gov.uk/publications/files/pb13788-ad-2012-progress.pdf

The conclusion I can't help drawing from this is that AD is not a terribly efficient way to do things. It needs double ROC subsidies to help projects get off the ground and yet banks still don't want to go anywhere near it. So instead the government ploughs in yet more money through a loan fun (admittedly for fairly trivial amounts).

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