Reasons to choose Wilson Browne
The government has published its long-awaited Energy White Paper, Powering our net zero future, which builds on the Prime Minister’s recent Ten Point Plan for a green industrial revolution.
At its core, the Energy White Paper sets ambitions to 2030 and ultimately achieving net zero greenhouse gas emissions by 2050 to combat climate change. It puts in place a strategy for the wider energy system that:
• Decarbonises the energy system over the next 30 years by replacing fossil fuels, as far as it is possible, with clean energy technologies such as renewables, nuclear and hydrogen.
• Supports a green recovery, creating thousands of green jobs across the country in new green industries and leveraging new green export opportunities.
• Creates a fair deal for consumers, by protecting the fuel poor, giving warmer homes, and balancing investment against bill impacts.
Key new announcements include confirmation of a UK Emissions Trading Scheme (instead of a carbon tax) and the clearest indication so far of the move away from fossil fuels.
The government also commits to ensure that the institutional arrangements governing the energy system are fit for purpose for the long term, and to consult in 2021 on organisational functions, including system operation and energy code governance. In 2021, the government will also consult on a Strategy and Policy Statement for Ofgem.
Alongside the Energy White Paper, the government confirmed that it is to enter negotiations with EDF in relation to the £20 billion Sizewell C new nuclear project as it considers options to enable investment in at least one nuclear power station by the end of this Parliament.