Keir Starmer, leader of the UK’s opposition Labour Party
UK’s Labour opposition ramps up renewables goals
Policies would include creation of state-backed national energy champion to drive delivery of 100pc renewables by 2030
The UK’s opposition Labour party has put the rapid expansion of renewable power at the heart of its policy offering ahead of the next general election, which is expected in 2024. The party says it would aim to decarbonise the UK’s power system by 2030—five years earlier than the ruling Conservative government’s current target—through an aggressive expansion of renewables to be driven by a state-owned energy company working in partnership with the private sector and local communities. The new entity—Great British Energy—would be funded initially by c.£8bn (c.$8.6bn) drawn from a state-backed national wealth fund and would invest in a range of clean power technologies, including nuclear, Labou
Also in this section
27 November 2024
The agreement by the parties to raise at least $300b/yr for developing countries by 2035 was derided as a betrayal by the Global South, but the UN urged pragmatism
26 November 2024
Agreements on how to operationalise both Article 6.2 and 6.4 will mean countries can start to trade emissions reductions as part of their contributions to the Paris Agreement
22 November 2024
The Energy Transition Advancement Index highlights how the Kingdom can ease its oil dependency and catch up with peers Norway and UAE
21 November 2024
E&P company is charting its own course through the transition, with a highly focused natural gas portfolio, early action on its own emissions and the development of a major carbon storage project
