December was a month of extraordinarily bitter cold. A snowbound Britain found it hard to get excited about Cancún’s fitful progress towards an international agreement to tackle global warming.

But it was a very big month for Chris Huhne, secretary of state for energy and climate change.

His first big climate summit. Publication of an Energy Bill, introducing an ambitious scheme to shift billions of pounds of private sector capital into making Britain’s heat-leaky homes much more energy efficient.

And then, just before the Christmas holidays, the unveiling of still more ambitious and highly complex proposals for reforming Britain’s power generation system.

The last thing you could accuse the coalition of is being a one-club player. Instead, it is reaching for a bewildering variety of instruments to persuade investors to spend billions a year on a variety of low-carbon generating plant. (more…)