In response to calls from business operators for her to make clarifications on its recent leadership and long-term stable energy policies, the government of the United Kingdom, UK has restated what it is doing to draw local and foreign investments in clean, secure and affordable energy in the country. The government said it has received support for about 10GW of new offshore wind projects in the 2020s.
As part of its effort to attract investments, the UK government said it is determined to double the support given to households and businesses to decarbonise their heating supply in this parliament from £430m to £1.15bn.
The government says it has “set out plans to close all unabated coal plants by 2025, as well as commit to the first new nuclear plant for generation at Hinkley Point C.” Adding that it has also “Signed the Paris agreement, which sends a clear signal to businesses to invest in the low-carbon transition.”
It claimed that it has also made other steps including embarking on energy efficiency measures and finance, money for heat networks, cash for nuclear innovations and a 50% increase in the UK climate finance commitment to a total of £5.8 billion over the next five years. Energy and Climate Change Secretary Amber Rudd categorically said this week that: “This government is taking long-term decisions today to tackle a legacy of under-investment, build a system of energy infrastructure fit for the 21st century and to create the right environment for businesses to invest in clean, affordable and secure energy.”
“We know that old and dirty coal, and some ageing nuclear power plants will be closing over the next few years, and that’s precisely why we’ve put in place a long-term plan to ensure we have secure, affordable and clean energy supplies that can be relied on now and in the future,” adding that “We are the first country to propose an end date to using unabated coal and we will do so in a way that maintains energy security, which comes first.”
Rudd stated that “We are clear that a range of energy sources such as nuclear, offshore wind and shale gas all have roles to play in the low-carbon energy mix, powering our country and safeguarding our future economic security.”
In her defence, Energy and Climate Change Secretary however said the government will not “apologise for doing this at the same time as working to keep bills as low as possible and making sure that the people that foot the bill, the hardworking families and businesses of Britain, get a good deal.”