Nine out of ten energy professionals say the UK is currently off-track to reach net zero by 2050. Over half of the 350 sector workers interviewed by the Energy Institute (EI) for its annual Energy Barometer also said that the UK will not hit its 2030 interim target either. These dire predictions come amidst concern over the impact of COVID-19 and energy policy, with 44% saying that a lack of clear energy policy is a barrier to meeting net zero. Action is needed immediately from the government to set the UK on the right trajectory, but 70% believe that it is currently not doing enough.
Current 8th July 2020 read more »
Campaign group Plan B writes to Prime Minister and Chancellor warning legal action is imminent if stimulus package becomes a ‘New Deal for Polluters’. The government could soon face legal action if its promised ‘green recovery’ package fails to put the UK on track to meet its net zero emissions target. That was the stark warning today from climate litigation charity Plan B ahead of Chancellor’s Rishi Sunak’s much-anticipated economic update to Parliament, where he is expected to announce a fresh wave of stimulus measures. Plan B, which successfully challenged the government’s approval of Heathrow’s proposed third runway earlier this year, confirmed this morning it has written to Sunak and Prime Minister Boris Johnson to warn the government’s recovery plans have to be compatible with the Paris Agreement. The group argues that to date the government’s coronavirus recovery plans risk locking the UK into a high carbon development path that would breach both the country’s net zero emissions goal and the Paris Agreement.
Business Green 8th July 2020 read more »
Households could see their energy bills cut by £20 a year under proposals put forward by the industry regulator, Ofgem. Under the plans, Ofgem wants energy firms to cut their return on investments and spend £25bn in the next five years to invest in greener energy. Ofgem said it was working “to deliver a greener, fairer energy system for consumers”. However, the plans were criticised by energy companies. In order to reduce the cost to consumers, Ofgem says, the return energy firms will be allowed to make from their investments will be nearly halved. In a statement, National Grid said: “We are extremely disappointed with this draft determination which risks undermining the process established by Ofgem. “This proposal leaves us concerned as to our ability to deliver resilient and reliable networks, and jeopardises the delivery of the energy transition and the green recovery.” But Ofgem says investing in the energy network of the UK is low-risk and should be an attractive option to investors. “Strong evidence from water regulation and Ofgem’s offshore transmission regime shows that investors will accept lower returns and continue to invest robustly in the sector,” Ofgem said.
BBC 9th July 2020 read more »