Eco Innovation

What are Labour's net-zero policies?

22nd July 2024
Harry Fowle
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The UK Labour Party has outlined a plan to achieve net-zero carbon emissions and transform Britain into a clean energy superpower by 2030. You can also find out what Labour means for the tech sector, here.

Clean power by 2030

Labour aims to establish a zero-carbon electricity system by 2030, which is expected to reduce energy bills for UK households and businesses. Key elements include:

  • Increasing offshore wind capacity to 55 GW.
  • Developing floating offshore wind with at least 5 GW of capacity.
  • Expanding solar power to 50 GW.
  • Doubling onshore wind capacity to 35 GW.
  • Supporting new nuclear projects and extending the life of existing plants.
  • Investing in carbon capture, green hydrogen, and long-term energy storage.
  • Exploring marine and tidal power options.

Rewiring Britain

Labour plans to upgrade the national grid to support clean energy infrastructure and integrate regional and national energy systems. Measures include:

  • Reforming planning systems to expedite renewable projects.
  • Creating a Future Systems Operator (FSO) to plan and manage energy infrastructure.
  • Encouraging smart demand management and local renewable power projects.
  • Ensuring community benefits from hosting energy infrastructure.

Warm homes plan

Labour intends to improve the energy efficiency of millions of homes with measures such as loft and cavity wall insulation and green technologies like solar panels. This plan aims to:

  • Reduce household energy bills.
  • Decrease gas imports and enhance UK energy security.
  • Create jobs for construction workers, plumbers, and installers.

GB Energy

Labour will establish Great British Energy (GBE), a publicly-owned clean energy company, to:

  • Invest in and co-develop advanced energy technologies.
  • Accelerate the deployment of established technologies where public investment can complement private investment.
  • Support the development of municipal and community energy projects.
  • Grow domestic supply chains and create jobs in the UK.

National Wealth Fund and British jobs bonus

Labour's National Wealth Fund will invest in projects essential to the energy transition, targeting:

  • Upgrading ports for renewable energy readiness.
  • Green hydrogen manufacturing.
  • Transitioning the steel industry to green production.
  • Decarbonising industrial clusters.
  • Supporting gigafactories for electric vehicle batteries.

The British Jobs Bonus will incentivise clean energy developers to invest in jobs and supply chains in UK industrial heartlands and coastal communities.

Accelerating to net zero

Labour plans to accelerate decarbonisation across all sectors, including transport, buildings, industry, and finance while restoring nature and protecting the environment. This will involve:

  • Decarbonising transport with integrated public transport systems.
  • Mobilising private finance to support the Paris agreement goals.
  • Ensuring financial institutions and major companies implement credible transition plans.

Local power plan

GB Energy will support the development of local power projects by offering funding and low-interest loans to communities and local authorities. This will involve:

  • Developing renewable power projects across the UK.
  • Ensuring a proportion of profits from these projects benefits local communities.

Support for workers

Labour aims to ensure a just transition, working closely with trade unions and industry to create new jobs and economic opportunities in low-carbon industries, using the skills of existing workers in higher-carbon sectors.

Through these policies, Labour seeks to reduce carbon emissions, lower energy costs, and create jobs while addressing climate change.

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