Energy secretary says shale exploration won't lead to era of cheap gas

clock

Ed Davey says advocates of shale gas are unrealistic about what it could do to reduce energy prices

Ed Davey, the Energy and Climate Change Secretary, has warned supporters of shale gas that it may take many years for substantial exploration in the UK, and predicted it would not lead to an era of cheap...

To continue reading this article...

Join BusinessGreen

  • Enjoy exclusive news, insights and analysis from Europe’s leading source of information on the green economy and business.
  • Make smart, responsible business decisions with an eye on the latest regulatory and tech development
  • Tap into our extensive archive of exclusive articles, news, analysis and guide
  • Access to our new BusinessGreen intelligence service, providing you with
  • > Exclusive in-depth case studies
  • > Policy briefings, white papers and reports on market trends that are shaping the direction of the net zero transition
  • Our overnight briefing, expertly curated help you run a competitive and sustainable business
  • Online and interactive meetings with BusinessGreen’s editors to discuss the crucial stories and trends from the past month

Choose the membership package that's right for you and your organisation, via our 3 membership levels.

Join now

 

Already a BusinessGreen member?

Login

More on Energy

IEA: Geothermal energy costs could fall 80 per cent by 2035

IEA: Geothermal energy costs could fall 80 per cent by 2035

Industry tipped for rapid growth, as new deep geothermal technologies fuel hopes the sector could play a critical role in delivering on global climate goals

James Murray
clock 13 December 2024 • 3 min read
Report: 2030 clean power goal requires 'unprecedented' collaboration between UK nations

Report: 2030 clean power goal requires 'unprecedented' collaboration between UK nations

Better coordination on energy and planning policy across England, Scotland, Wales, and Northern Ireland is 'mission critical' for green energy rollout, IPPR warns

Michael Holder
clock 12 December 2024 • 5 min read
'It's time to seize the moment': How UK renewables could overtake fossil fuel power in 2024

'It's time to seize the moment': How UK renewables could overtake fossil fuel power in 2024

Wind, solar, and geothermal power sources could overtake fossil gas power generation for the first time this year, but the government’s 2030 clean power mission still faces huge hurdles

Michael Holder
clock 10 December 2024 • 8 min read