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...guarantees developers a fixed price for the electricity they generate over 15 years....
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...But the market, he added, had been “a lot slower than we anticipated”....
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...So right now we develop a new system or new mechanism to deal with these issues. That is the credit guarantee system. The government will set a fund to guarantee the buyer....
...The IEA painted a more positive picture over the longer-term, saying energy-related emissions were in “a structural slowdown” thanks to the growth of clean energy sources such as wind turbines and solar...
...The government ultimately raises the funding through a levy on consumers’ bills....
...That marks a 43 per cent decline compared with a year ago and a hefty discount to the €62-a-tonne price quoted on its EU rival, as well as similar schemes in the US....
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