Accelerating the Energy Transition is Labour’s key driver for their economic strategy via job creation and investment across the UK. Their ‘Mission’ is to deliver a fully decarbonised power system by 2030, which they plan to achieve by accelerating the deployment of renewables and other low carbon technologies.
This will be supported by:
- Creation of GB Energy and a National Wealth Fund to de-risk private sector investments.
- Planning and Consenting Reform: To expedite deployment.
Also on the cards are changes to windfall tax and company reporting obligations that all business leaders need to be aware of. Download our guide which outlines the Government’s key priorities which featured in their manifesto and what future implications this has for the energy sector.
