Consultus Energy Outlook - January 2020

Your one stop guide to what is affecting the energy markets.

Industry urges new government to accelerate climate action

 

Following the victory of the Conservative Party at the 2019 General Election, various energy industry groups have published statements on what they would like to see from the new administration. Prime Minister Boris Johnson expressed an ambition to deliver “colossal new investments in infrastructure and science, using incredible technological advantages,” and to make the UK “the cleanest, greenest on earth with the most far-reaching environmental programme.”

Energy UK Director of Policy Energy, Audrey Gallacher observed that while Brexit remains high on the political agenda, the trade body welcomes Johnson’s commitment to delivering net zero emissions by 2050 and delivering “clear policy direction, which will allow investment and innovation to follow.”

The Renewable Energy Agency (REA) also accepted the Conservative Party’s commitment to achieve the climate objectives set out in its manifesto, but urged the new government to be “more ambitious and commit to wholesale systems change across energy, in particular for transport and waste, required to unleash the full potential of renewable energy and clean technology.”

Confederation of British Industry (CBI) Director-General Carolyn Fairbairn said: “Employers share the Prime Minister’s optimism for the UK and are ready to play a leading role. They can bring the innovation, investment and jobs for a new era of inclusive growth. The biggest issues of our times can only be delivered through real partnership between government and business.”

Despite this, environmental campaigner Friends of the Earth criticised the Conservative Party’s “failure to address the climate and nature emergency” in its election pledges…read more

 

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