The REA respond to news that the Government confirms “hundreds” of new oil and gas licences will be granted in the UK / Real energy security will be delivered by reinforcing our grid systems, sorting out planning delays and ensuring the UK remains an attractive investment market so that low carbon generation can be built quickly / Renewables and clean tech must be part of the discussion if the UK is to achieve energy security, net zero targets, and remain attractive for low carbon investment
The REA responded to last week’s announcement that the Government will introduce a new Energy Security Investment Mechanism / Government is focusing tax cuts on fossil fuel producers, while the equivalent windfall tax on renewables remains unchanged / The REA stresses that the Energy Security Investment Mechanism must be extended to renewables if government is serious about energy security.
The REA responds to today’s Spring Statement saying that despite a few welcome measures, the “clean energy reset” offered little for renewable energy and clean technology / Extended support for consumers welcome, but further measures are required to address the underlying energy crisis in the long-term / Overall, it marks a missed opportunity for the UK, as the US and EU push forward in attracting low carbon investment
The REA cautiously welcomes the creation of the Department for Energy Security and Net Zero / Government must now prioritise collaboration, urgency and certainty, if the new department is to deliver on its goals / Recognition of both the climate and energy crises welcome, and the REA look forward to working alongside this department to rapidly scale up renewable energy and clean technology investment and deployment
The REA welcomes the Scottish Government’s publication of the Draft Energy Strategy and Just Transition Plan / The strategy set out how Scotland intends to meet the existing target of reaching Net Zero by 2045, five years ahead of the UK Government target / Prioritising a Just Transition recognising how growth in renewables and clean technology provides the opportunities for a cleaner, stronger and fairer economy also extremely welcome
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