2024-12-18

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Renewable Energy Association (REA)

Renewable Energy Association
(REA)
Brettenham House, 2-19 Lancaster Place,
WC2E 7EN London
United Kingdom
+44 020 7925 3570
info@r-e-a.net
www.r-e-a.net

Newsarchive - Renewable Energy Association (REA)

ETRI 2023: UK faces some of the biggest challenges in reaching energy transitions targets

11/09/2023

Energy Transition Readiness Index (ETRI) 2023 indicates that while the UK has some of the most ambitious targets for 2030, it faces some of the biggest challenges in reaching them / Energy transition governance and regulation, grid access delays, and unfavourable flexibility markets all contribute to investment uncertainty and hold back the deployment of renewable energy in the UK / ETRI highlights the recent uncertainty in public and political confidence about the best way to meet net zero economically

REview23, the REA's annual state of the industry report, shows growth of renewables sector, but much further to go

10/09/2023

REview23, the REA’s state of the industry annual report, is published / Growth and further successes are shown in the power sector, but until supportive government policy measures are forthcoming for heat, transport and circular bioresources, it will continually be a challenge for the UK to meet its net zero commitments in the short, medium and long term / Government must address policy gaps if it is serious about energy security and harnessing the economic potential of net zero / 14% of the UK’s energy (power, heat and transport) supplies came from renewable sources in 2022 / Over 140,700 people were employed in the renewable energy and clean technology sector in 2021/22 – the REA projects that this could increase to 210,000 by 2035 / Regional market value projections estimate that the value of the renewable and clean technology sector could reach £46bn by 2035 given the right policy and regulatory conditions

If the Government are serious about delivering energy security while reaching net zero, they should be accelarating the cheapest form of delivery

08/01/2023

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

REA response to Government's Energy Security Investment Mechanism

06/19/2023

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.

Spring Budget 2023: A Missed Opportunity in Attracting Low Carbon Investment

03/16/2023

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

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