Reaching net zero can only be achieved by setting clear renewable energy milestones to be met by 2030, according to a new report from RenewableUK. In Raising the bar: the world-leading energy commitments the UK should make ahead of COP26 the association calls for specific development targets for onshore wind, floating wind, renewable hydrogen and marine energy. This includes reaching 30GW of onshore wind by the end of the decade, the development of which is critical to decarbonisation as the cheapest form of renewable generation currently. As well as reducing emissions, reaching this milestone could support 31,000 UK jobs by 2035 the report suggested. The newly elected governments in Scotland and Wales should set an example by establishing complimentary 2030 onshore wind targets, to support on overarching UK-wide 30GW target continued RenewableUK. Policy changes should be enacted to make it easier for developers to “make the most” of existing wind farms, allowing older turbines to be repowered with modern technology. Beyond onshore wind, the report calls for the existing 1GW of floating wind by 2030 target to be doubled, helping to establish the UK as a global leader for the technology. It is expected to open up vast areas for development, as it can be installed in much deeper waters than fixed offshore wind. As countries such as Japan, South Africa and Brazil look to capitalise on the new technology, UK exports and jobs could increase if it can establish itself as a global leader. A 1GW target should be set for marine energy RenewableUK continued, pointing to studies that suggest at that point, the cost of the technology will fall to the level of nuclear power. Revenue support mechanisms should be established to support the investment and development needed, including government-supported Power Purchase Agreements (PPAs) and the inclusion of tidal and wave in future CfD auctions, something currently under consideration.
Current 7th May 2021 read more »