Nusrat Ghani, MP for Wealden, has welcomed the Government’s new plan to bolster the UK’s energy supply and cut emissions, and reduce household bills in Wealden.
Since 2010, the UK has seen £198 billion of investment into low carbon energy, through a mixture of government funding, private investment and levies on consumer bills. Going forward it is anticipated around £100 billion of private investment will be forthcoming into the UK’s energy revolution.
The UK has also broken numerous records in generating renewable electricity, leading the world in offshore wind – the UK is now in prime position to export its world-leading expertise.
The new measures go further to secure the UK’s energy security by investing in new British nuclear power, Carbon Capture, Utilisation and Storage and the emerging floating offshore wind industry.
The next generation of British nuclear power will be backed by Great British Nuclear, the Small Modular Reactor competition and the £120 million Nuclear Enabling Fund. The Government’s commitment to nuclear power means every single nuclear reactor currently operational in the UK was given permission.
The Government will also bolster the UK’s energy storage with a world-leading commitment to Carbon Capture, Utilisation and Storage. The plan announces the Government will support eight projects backed by £20 billion of funding, securing up to 50,000 jobs. Additionally, the package of measures will levy vital investment to our clean energy sector to ensure our path to net zero creates new jobs and cuts bills for families.
Nusrat Ghani said: “The UK is a global leader in tackling climate change, and Putin’s chokehold over Europe’s energy supply has made it clear we need to turbocharge our efforts to energy security. I welcome the Government’s efforts backing new nuclear, new wind power technology and new hydrogen power in the UK. This will not only put us on a clear path to clean, secure energy but mean families in Wealden do not pay the price for expensive, volatile fossil fuels.”
