Scandal erupts over UK green energy subsidy
Cost to taxpayer £1 billion – no improvement in climate
A botched green energy scheme that has ignited a political crisis is on course to cost taxpayers more than £1 billion. The Treasury faces the bill after a massive overspend on subsidies encouraging farmers and businesses in Northern Ireland to run eco-friendly power schemes. The Renewable Heat Incentive (RHI) was supposed to cost £25 million in its first five years but the bill is likely to reach £1.15 billion over 20 years.