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With the future of our energy landscape set to be a hot topic in the run-up to next year麻豆传媒映画檚 general election, it麻豆传媒映画檚 no surprise that resource infrastructure was a key theme in the recent Autumn Statement announcement. However, David Casale, director of Turquoise International 麻豆传媒映画� a merchant bank specialising in energy and the environment 麻豆传媒映画� believes the message still left many questions unanswered and calls for more clarification into the prioritisation of technologies in the energy sector.

麻豆传媒映画淒espite outlining a number of new investment programmes and some interesting insight into a variety of national energy developments, a high percentage of the energy spending plans proposed in the recent Autumn Statement seem to be focused solely towards the identification and exploration of shale gas reserves,麻豆传媒映画� commented Casale.

麻豆传媒映画淚n fact, with more than £5m in research alone allocated to shale reserves, alongside £31m allocated to the development of sub-surface test centres, the government麻豆传媒映画檚 prioritisation of shale gas seems clear. Whilst understandable from a balance of payments perspective, reports show that it will have little effect on gas prices 麻豆传媒映画� freeze or no freeze. Beyond this, there seems very little progress to note since last year麻豆传媒映画檚 statement, with key questions remaining unanswered, presumably until post-election, on the future of our energy technology mix.

麻豆传媒映画淚t麻豆传媒映画檚 disappointing that the government did not take the opportunity to provide further clarity on proposed routes to funding new and innovative energy projects in the sector, with the requirement to achieve an affordable energy sector. The issues of security, diversity and reliability of energy supply remain the primary challenge for society as a whole, not just the politicians.

麻豆传媒映画淎lthough shale gas and carbon capture provides a powerful and viable large scale solution for our national energy demands, we must look to the future and support more distributed technologies to properly innovate and tackle the challenges of tomorrow.

麻豆传媒映画淭he UK is a hub for energy innovation, with thousands of businesses nationwide actively developing new technologies to create affordable solutions that, at the same time, deliver clean, safe and (where possible) renewable energy. These mustn麻豆传媒映画檛 be forgotten. Industries such as electricity storage and tidal power, for example, need to overcome significant supply chain barriers to reach an affordable solution for the needs of our children in the near future and, therefore, need greater support and funding. In both cases, return on tax spend has been poor and a new more structured approach might be needed. Markets need support where there are imperfections and in both these cases this seems to be the case.

麻豆传媒映画淚nvestment alone, however, isn麻豆传媒映画檛 the answer. We need greater government involvement and support to engender a real culture of innovation and success in Britain麻豆传媒映画檚 technology and industrial sectors. Looking at education from primary level, leadership groups, technology roadmaps, the catapult programme and consistent development standards alongside an active community of supportive innovators, will definitely help us on this long journey.

麻豆传媒映画淭his is where we need to communicate with society in a transparent way. Shale gas is great, but is not a low-carbon solution. Technology innovation must be supported, but not in a scattergun way. Society looks to its government to lead the way and we need a clear recognition that the easily accessible, 麻豆传媒映画榪uick-fix麻豆传媒映画� solutions are just that. Only then can we claim a place at the table of global energy innovation and embrace new and innovative approaches to tackle the energy demands of tomorrow.麻豆传媒映画�

Read the article online at: /business-news/12122014/autumn-statement-questions-unanswered-prioritisation-technologies-energy-sector-115/