Industry reacts to Clean Growth Strategy announcement

Industry reacts to Clean Growth Strategy announcement

Studies have shown the United Kingdom is the fastest decarbonising economy in the European Union, having cut its overall emissions by a third while simultaneously seeing its economy grow by around two thirds.

The plan aims to ensure an affordable energy supply for businesses and consumers, increase productivity, create jobs and help protect the climate and environment.

Image: UK to conduct next renewable energy auctions in 2019. The government will also invest £900 million in smart systems and demand-response technology, as well as nuclear and renewables.

The Clean Growth Strategy is a legal requirement under the Climate Change Act, which mandates the government to set out before Parliament how it will meet its binding carbon budgets, which the United Kingdom had been on track to miss in the 2020s. It's as big a change as the move from the age of steam to the age of oil and Britain is showing the way.

"We have been a global climate leader, but if we set out plans that don't meet our own targets to meet the global threat of climate change, then we will have so much further to go to meet the more ambitious worldwide ones agreed in Paris".

The UK government today released its Clean Growth Strategy, a plan to cut emissions, while delivering economic growth, including policies and proposals on transport, power, housing, business and the environment.


The funding is planned to be made available to less established renewable technologies through Contracts for Difference (CfD) auction.

The £2.5 billion of existing government spending includes up to £505 million from the BEIS's Energy Innovation Program, which aims to accelerate the commercialization of innovative clean energy technologies and progresses.

RenewableUK, which speaks for the wind and marine renewables industries, welcomed the strategy and the commitment to the development of a Sector Deal for offshore wind, but said that "what's missing is clarity on how the lowest-cost technology, onshore wind, can deliver for United Kingdom consumers".

In the most recent CfD auction, which ended last month, the cost of new offshore wind power had dropped by 50% compared to the first tender round held in 2015. This fantastic cost reduction is a reminder of what innovative industry can deliver when backed by competitive auctions.

In a boon for carbon capture usage and storage (CCUS) technology proponents, the plan promises to invest £100m in "leading edge CCUS and industrial innovation to drive down costs", and to set up a CCUS Council in partnership with industry to help develop the option of deploying the technology at scale in the United Kingdom and to "maximise its industrial opportunity".

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