Climate change policies could halve negative impact .....

[Aurora]

...... of energy price shocks

DECC - 18/05/12

The negative impact that spikes in global oil, gas and coal prices have on the UK could be reduced by over 50% in 2050 as a result of climate change policies, Edward Davey said today.

The analysis, produced by Oxford Economics and commissioned by Government, shows how the UK’s sensitivity to oil and gas price shocks could be reduced by using low-carbon forms of electricity generation including renewables, new nuclear and through increasing energy efficiency.

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