The rollback of the UK’s Feed-In Tariff is on its way

Renewable Energy

Saving the environment has become a buzz-word in global politics, policies and large-scale national decision making for every country around the world. Environmental consciousness and the policies that surround it have become a platform for which many countries and voters’ base decisions and define their environmental strategies. Environment and its lasting impact on numerous thriving eco-systems have been a wide scale global debate in numerous spheres. Unfortunately, some of the largest decisions in regard to the environment are rooted in strict governmental policy, in the hands of politicians and lawmakers. It’s no surprise that the rollback of UK’s Feed-In Tariff has attracted not just national, but global attention.

What is a feed-in Tariff or (FIT)?
Feed-in Tariff’s or FIT is essentially a sum of money granted by a public body to help an industry, in this case, environment, that help keep the price of a certain commodity extremely low, and currently, this is the United Kingdom’s scheme for a generation of renewable electricity from small-scale low-carbon installations.

Is this a positive change?
Ultimately yes. In other words, this is a positive advancement on behalf of the United Kingdom’s efforts to create a more environmentally sustainable community and could have lasting positive impacts on future communities in this way. Two different modes of power have been greatly supported by this initiative, including the advancement of anaerobic energy and CHP or combined heat and power. Initially, this scheme was introduced, to support a variety of low carbon-electricity generating machines. This means extremely positive advances for the community on a global scale and ultimately would encourage people to consider a lower carbon footprint.

So why the rollback?
The rollback of this initiative could serve to be catastrophic regarding the United Kingdom’s renewable energy initiatives for future generations. It is an opportunity that unfortunately was missed and is going to make a massive impact on the United Kingdom’s carbon footprint. This change will dramatically impact future generations. While some of these smaller technologies can support themselves without the support of the government, the governmental support is almost crucial to sustaining many of these programs’ future initiatives regarding renewable energy.

Now that costs are going to fall, the future will be uncertain for some of the two billion people whose energy has been powered by these types of low carbon technologies. Making a shift as detrimental as this will inevitably raise prices for energy for those who were initially paying for the low carbon option, which was not only beneficial for the environment but an excellent way to save money long term.

What does the way forward look like?
Sadly, the way forward looks like increased prices for a variety of what was once low-cost renewable energy. The reasoning behind this FIT rollback is unclear as this decision has proved to have much more dramatic long-term effects than anticipated. The United Kingdom has always prided themselves on being the world leaders in innovative renewable energy initiatives, and the effects of this decision will ultimately be catastrophic for the future. While the effects of this decision have not yet come into play, government officials are certain that the lasting effect of the rollback of the United Kingdoms Feed-in Tariff is on its way.