{"id":31554,"date":"2023-05-21T18:06:18","date_gmt":"2023-05-21T18:06:18","guid":{"rendered":"https:\/\/350ppm.co.uk\/?p=31554"},"modified":"2023-05-21T18:06:18","modified_gmt":"2023-05-21T18:06:18","slug":"uk-could-unlock-70bn-a-year-in-renewable-energy-report-claims-the-guardian","status":"publish","type":"post","link":"https:\/\/350ppm.co.uk\/blog\/uk-could-unlock-70bn-a-year-in-renewable-energy-report-claims-the-guardian\/","title":{"rendered":"UK could unlock \u00a370bn a year in renewable energy, report claims – The Guardian"},"content":{"rendered":"\n

Plausible for UK to become global clean energy superpower if investment is ramped up<\/strong><\/h3>\n\n\n\n

The UK could unlock \u00a370bn every year by generating enough clean electricity to become a major exporter of energy to mainland Europe, according to a former government economist.<\/p>\n\n\n\n

A new report has found that by increasing Britain\u2019s clean electricity generation 50% above its current projections for 2050 it could become a clean energy superpower capable of exporting \u00a317bn of green electricity to Europe a year.<\/p>\n\n\n\n

The ambition to generate more\u00a0green electricity<\/a>\u00a0than needed to meet the UK\u2019s climate targets could also create an additional 279,000 British jobs, and support a total of 654,000 British jobs, across the UK\u2019s clean energy industries, according to the report.<\/p>\n\n\n\n

The analysis by former government economist Chris Walker for the UK Business Council for Sustainable Development found that it was \u201cplausible\u201d that the UK could transform from a net importer of energy to an exporter of green electricity by taking a lead in the global race to \u201cnet zero\u201d.<\/p>\n\n\n\n

By going \u201cbeyond net zero\u201d the UK\u2019s economy would attract trillions of pounds of global private investment and double the \u00a335bn a year economic benefit forecast for its current path, according to Walker.<\/p>\n\n\n\n

However, Britain could miss the \u201conce in a lifetime opportunity\u201d unless government policymakers remove the barriers holding back the UK\u2019s green energy ambitions, the report said.<\/p>\n\n\n\n

\u201cThe UK\u2019s strong competitive advantages in clean energy generation mean it is uniquely well positioned in the race to net zero which can deliver significant and sustained economic growth, raised productivity and increased exports,\u201d it said.<\/p>\n\n\n\n

\u201cOther advanced economies will undertake similar journeys to the UK at the same time. For the UK to cement its leadership in tackling this challenge, crucial public policy decisions need to be taken, backed up by investment from private sector organisations to ensure that the UK makes and captures the necessary investment to capitalise on its strengths,\u201d it added.<\/p>\n\n\n\n

The report warned that National Grid was struggling to cope<\/a> with the number of new clean energy projects applying to connect to the grid, which have surged to 50 a month from 50 a year over the last decade leaving many projects with a 10 to 15-year wait<\/a> to provide the UK energy system with clean electricity.<\/p>\n\n\n\n

Read the complete article by clicking below:<\/p>\n\n\n\n

\n
Compete Article on The Guardian<\/strong><\/a><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Plausible for UK to become global clean energy superpower if investment is ramped up The UK could unlock \u00a370bn every year by generating enough clean electricity to become a major exporter of energy to mainland Europe, according to a former government economist. A new report has found that by increasing Britain\u2019s clean electricity generation 50% […]<\/p>\n","protected":false},"author":1,"featured_media":31555,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[55,59,60,49,219],"class_list":["post-31554","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-350-ppm-ltd","tag-renewable-energy","tag-renewable-money-blog","tag-renewables","tag-the-guardian"],"yoast_head":"\nUK could unlock \u00a370bn a year in renewable energy, report claims<\/title>\n<meta name=\"description\" content=\"The UK could unlock \u00a370bn every year by generating enough clean electricity to become a major exporter of energy to mainland Europe\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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