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<oembed><version>1.0</version><provider_name>Climate Change Dispatch</provider_name><provider_url>https://climatechangedispatch.com</provider_url><author_name>Thomas Richard</author_name><author_url>https://climatechangedispatch.com/author/ccdeditor/</author_url><title>Britain Faces Multi-Billion Black Hole In Renewables Subsidies</title><type>rich</type><width>600</width><height>338</height><html>&lt;blockquote class="wp-embedded-content" data-secret="YOhSfNpAVl"&gt;&lt;a href="https://climatechangedispatch.com/britain-faces-multi-billion-black-hole-in-renewables-subsidies/"&gt;Britain Faces Multi-Billion Black Hole In Renewables Subsidies&lt;/a&gt;&lt;/blockquote&gt;&lt;iframe sandbox="allow-scripts" security="restricted" src="https://climatechangedispatch.com/britain-faces-multi-billion-black-hole-in-renewables-subsidies/embed/#?secret=YOhSfNpAVl" width="600" height="338" title="&#x201C;Britain Faces Multi-Billion Black Hole In Renewables Subsidies&#x201D; &#x2014; Climate Change Dispatch" data-secret="YOhSfNpAVl" frameborder="0" marginwidth="0" marginheight="0" scrolling="no" class="wp-embedded-content"&gt;&lt;/iframe&gt;&lt;script type="text/javascript"&gt;
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</html><description>The Government is facing a multi-billion pound black hole in its budget to pay for new clean energy supplies, which could result in rising household electricity bills unless there is a dramatic decline in investment in renewable technologies. Senior Whitehall sources have told&nbsp;The Independent&nbsp;that the Department of Energy and Climate Change has already overspent its budget by &#xAC;&#xA3;1.5bn to support renewable energy projects over the next five years. Unless more money can be found, key projects such as carbon capture and storage, as well as the future of new offshore wind farms, could be placed in jeopardy. --Oliver Wright, The Independent, 16 July 2015</description><thumbnail_url>https://climatechangedispatch.com/wp-content/uploads/images_pics8_Guardian-2015.jpg</thumbnail_url></oembed>
