Oxford β The UK's Decarbonisation Objectives and the Role of Great
Summary
The United Kingdom's new Labour government focuses on decarbonisation objectives in energy policy.
One of the key missions is to make Britain a clean energy superpower by 2030, with goals to double onshore wind, triple solar power, and quadruple offshore wind. The government has set up Great British Energy (GBE), a publicly-owned clean power company, to cut bills and boost energy security. However, there are questions about whether the government's approach will be as ambitious as it seems, with concerns over the level of investment and capitalisation for GBE. The government aims to work with the private sector to achieve its ambitious targets, including partnering with the Crown Estate for offshore wind developments. GBE also plans to work with local authorities and communities to develop a more decentralized and resilient energy system, as well as to drive investment in clean energy production and supply chains across the UK. Moreover, the government has set up Great British Nuclear to help deliver new nuclear projects, although the outcomes of this partnership are still unclear.
Region:
Global
Published:
July 2024
Author(s):
Oxford
Language:
English