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UK Clean Growth Strategy – Reaction From Energy Professionals

Posted by OilVoice Press - OilVoice

13-Oct-2017


The Clean Growth Strategy published by Business Secretary Greg Clark and Climate Change Minister Claire Perry today is welcomed by the Energy Institute as delivering on the ‘asks' of professionals working in energy.

Energy Institute CEO Louise Kingham said:

“This breathes new life into decarbonising the UK and the skills that will make it happen.

“Taking energy efficiency seriously in homes, businesses and industry will cut emissions, bring down bills and increase productivity more effectively than anything else. 

“Putting CCS back at the table and action to tackle emissions from heat, alongside renewables, nuclear and electric vehicles make this a credible plan.

“The strategy is really important for the UK's standing on the global climate change stage, as we look to the next round of UN talks hosted by Fiji in Bonn next month.

“But meeting the UK's carbon targets is ultimately a numbers game and the real proof will be in the delivery.

“Hitting 57% emission reduction by 2030 in a cost-effective way, and realising the big industrial wins that come with that, calls for a no-surprises investment climate.

“This includes policies aimed at getting the best deal for billpayers, which must take a balanced, long-term view of consumer interest.

"Energy professionals are primed and ready to bring their skills to bear and be at the heart of this transition."

According to the Energy Institute's recent Energy Barometer 2017, which surveyed professionals working across the energy sector:

  • Respondents considered energy efficiency the top priority measure to lower emissions at least cost, with 64% of respondents rating it as key to seizing the economic advantages of the shift to low carbon.
  • EI members perceived carbon capture and storage (CCS) as the riskiest area of the energy system for investors because of policy uncertainty, with 73% of respondents rating the risk as either ‘high' or ‘very high'.
  • Members urged caution on price cap proposals. While affordability could be impacted positively, this is counterbalanced by greater concerns about impacts on investment, decarbonisation and competition. More than half of respondents felt that a price cap should not be introduced.

United Kingdomclean growthEnergy

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