Energy White Paper: Powering Our Net Zero Future.
BEIS 14th Dec 2020 read more »
Announcement in Parliament.
Hansard 14th Dec 2020 read more »
Plans to further support nuclear featured, with the government aiming to build a commercially viable fusion power plant by 2040. It will support EDF’s Sizewell C nuclear project, with the government to enter negotiations as it considers options to “enable investment in at least one nuclear power station by the end of this Parliament”, and is to create an Advanced Nuclear Fund of up to £385 million to support the development of Small Modular Reactors. Alongside previously announced goals such as the 40GW of offshore wind by 2030 target, the government revealed it will be establishing a Ministerial Delivery Group to bring together relevant departments to oversee the expansion of renewables in the UK. It will provide cross-government coordination and collaboration, working to tackle barriers such as the development of appropriate network infrastructure to support future renewables deployment and reduce consenting delays. The government will also be issuing a new Call for Evidence on how the Contracts for Difference (CfD) scheme could evolve past 2021, including how longer-term changes to the CfD or wider electricity market design can enable effective integration of increasing renewables capacity.
Current 14th Dec 2020 read more »
The White Paper: outlines plans for a national Emissions Trading Scheme; ringfenced funding for nuclear; it confirms that the Government will enter negotiations with EDF over the Sizewell C nuclear project in Suffolk. The Government wants to explore new funding options to enable investment in at least one nuclear power station by the end of this Parliament; it places carbon capture at the heart of a levelling up agenda; commits to “kickstarting the hydrogen economy” by working with the industry to create 5GW of production; Those reliant on fossil fuels will be supported in the transition.
Edie 14th Dec 2020 read more »
The White Paper includes a £6.7bn support system for fuel poor households that will run for six years. The package is designed to save families in old inefficient homes up to £400. In addition, the Warm Home Discount Scheme to 2026 will be delivered to cover 750,000 UK householders by giving them £150 off of electricity bills each winter. The White Paper also confirms that the £2bn Green Homes Grant announced in the summer will be extended by a further year, as envisioned in the Ten Point Plan. In addition, installations of electric heat pumps are scheduled to grow from 30,000 per year to 600,000 by 2038. The White Paper also raises ambitions on industrial clusters, pledging to deliver four low-carbon clusters by 2030 and at least one net-zero variant by 2040. This has spurred a race between clusters in the North West, Teesside, Humberside, Grangemouth, South Wales and Southampton to become the first to do so. BP, Eni, Equinor, Shell and Total have all signed up to spearhead the development of the Net-Zero Teesside project, which focuses heavily on the use of carbon capture, utilisation and storage technology (CCUS).
Edie 14th Dec 2020 read more »
Boris Johnson, once a climate change sceptic, has talked a good game on renewable energy. His first speech from Downing Street hailed Britain as a global leader in the technologies that will help not only this country but others across the world to achieve net zero carbon emissions by 2050. In October he promised the Conservative Party conference that Britain would become the “Saudi Arabia of wind power” by 2030. Though encouraging, such talk is cheap, and ministers had hitherto failed to set out just how the government would meet its targets. The energy white paper, released yesterday, rights that wrong. If implemented, its proposals will make Britain a greener and safer place. Ministers are right to open negotiations with France’s EDF over Sizewell C, a new plant in Suffolk that could cover some 7 per cent of Britain’s electricity needs. Its future had been at risk amid tensions with China. It will be a sister project to Hinkley Point C, which EDF is building in Somerset with China General Nuclear. Though costs there have risen to £22.5 billion, it is a needed investment. After the cancellation of new plants in Cumbria and north Wales and the looming shutdown of most of Britain’s reactors, to do otherwise would risk not just meeting the net zero target but keeping the lights on.
Times 15th Dec 2020 read more »
The government has unveiled further details of its hotly-anticipated vision for the UK’s net zero transition, signalling a major overhaul of Britain’s energy market to scale up renewables, clean heating, nuclear, energy efficiency, carbon capture, and hydrogen technologies over the coming decade and beyond. The plan is detailed in the long-awaited Energy White Paper, which was published this morning, and sets out a wide-ranging strategy to support 220,000 new green jobs over the next 10 years and signals a “decisive and permanent shift away from our dependence on fossil fuels”, according to Business Secretary Alok Sharma. As part of the announcement, the government confirmed it is entering into negotiations with French energy giant EDF over proposals to build a major nuclear power station at Sizewell in Suffolk, which would follow the firm’s existing Hinkley Point C project currently under construction in Somerset. The talks mark the first step towards potentially giving the project the green light, although the government stressed a final decision would be subject to reaching “a value for money deal and all other relevant approvals”. It said it was considering a range of financing options for the nuclear project, including a Regulated Asset Base model, as well as potentially providing direct government finance during construction. Meanwhile, the government also announced plans to set up a £385m Advanced Nuclear Fund to support the development of Small Modular Reactors, as well as research and development into more advanced nuclear technologies. The support for nuclear technologies and the prospect of a new nuclear power plant being approved is likely to prove the most controversial component of the White Paper with campaigners quick to condemn the plans this morning, citing long standing concerns about the cost of new nuclear projects. Writing on Twitter, Green Party MP Caroline Lucas said: “When renewables costs are plummeting, it’s madness to waste £20bn on another nuclear white elephant It will leave consumers with higher bills, destroy important habitats & unlikely to be online till late 2030s.”
Business Green 14th Dec 2020 read more »