Announced new Energy Security Strategy on Wednesday, government lays out the plan to generate 95% of Britain’s electricity from low-carbon sources by 2030.
“[The plan] The government said in a statement that it will be central to helping Britain phase out expensive fossil fuels, which are subject to volatile international market-set gas prices that we cannot control.
Under the new strategy, the government will speed up construction of offshore wind farms by reforming zoning laws – and hopefully they can generate enough electricity to power every home across the country. in 2030.
The government wants to see as many as eight nuclear reactors built in the next decade. It hopes nuclear power could provide a quarter of the UK’s electricity by 2050.
France’s EDF, which operates six nuclear plants in the United Kingdom and is a major investor in a new nuclear power plant due to come online in 2026, welcomed the announcement.
Simone Rossi, CEO of EDF Energy UK, said: “Building more new nuclear will reduce the UK’s dependence on gas overseas and keep energy prices stable.”
Consulting firm Wood Mackenzie estimates that The UK could produce another 5 billion barrels of oil equivalent if it made full use of its resources.
However, Neivan Boroujerdi, director of North Sea studies at Wood Mackenzie, says the country will remain “very dependent on [gas] imports under all circumstances” in the coming years.
Oil and gas plans stalled
The government’s plans, and the government’s decision earlier this week to include a new report on jailbreaking, has prompted criticism from environmentalists.
Luke Murphy, deputy director for energy and climate at the Institute for Public Policy Studies, said: “Onshore wind to boost clean energy supply and energy efficiency measures to reduce energy demand should be the focus of this strategy. tank,
“But energy efficiency hasn’t been mentioned and the onshore wind proposals seem unfortunate,” he added. “Decision to increase oil and gas exploration and reassess beggars’ beliefs.”
The cap is likely to rise even higher in October, causing further pain for consumers.
