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  • Renewable energy: Costs

    Labour has committed to decarbonising the UK’s electricity system by 2030, saying this would help the UK achieve its 2050 net zero target. This briefing discusses how much renewable energy contributes to Great Britain’s electricity currently, how much it costs to generate electricity from renewable energy sources and estimates for the total cost of transitioning to a zero-carbon power system, and issues around the need to invest in supporting infrastructure such as storage technologies and grid upgrades.

    Renewable energy: Costs

  • Great British Energy Bill: HL Bill 43 of 2024–25

    The Great British Energy Bill is a government bill which would establish Great British Energy, a new government-owned clean energy company. The government has said the new company will support the creation of new jobs by investing in the clean energy sector. It has also asserted that, by reducing the UK’s dependence on fossil fuels, it would help drive down the UK’s energy costs and ensure the country’s long-term energy security.

    Great British Energy Bill: HL Bill 43 of 2024–25

  • Government climate policy: Economic impact

    The government is committed to reducing greenhouse gas emissions in order to achieve ‘net zero’ emissions by 2050. This 2050 target was introduced by the Conservative government. The current government has announced several policies, including measures intended to increase UK renewable energy production. On 24 October 2024, the House of Lords is scheduled to debate the economic impact of these policies, including their impact on jobs and growth.

    Government climate policy: Economic impact