Global environmental challenges
from The Great Debate UK:
- Juliet Davenport is founder and CEO of Good Energy, a renewable electricity supplier. She is unique in being the only female founder in the UK of an energy supply business, traditionally a male-dominated sector. The opinions expressed are her own. Reuters will host a "follow-the-sun" live blog on Monday, March 8, 2010, International Women's Day. Please tune in. -
Regardless of their views on climate change and man’s contribution to it, most business leaders agree on one point – as fossil fuels get scarcer and the UK decarbonises our economy, our energy prices will continue to rise.
The UK’s recent cold snap gave us a foretaste of what we could be in for – with some businesses having their gas supplies cut to relieve pressure on pipelines - although it appears that the widely reported claim that the UK had just eight days’ gas supply left was political bluster and scaremongering.
The Department of Business, Energy and Regulatory Reform’s 2008 Energy Markets Outlook projects that the UK could rely on imports for 80 percent of its gas needs by 2020, with huge implications for cost and energy security – and that income pouring out of the country. And the International Energy Association forecasts serious energy "crunches" occurring within the next 10 years.