The government’s decision not to include a decarbonisation target for the power sector in the energy bill is to be challenged in the House of Lords on Monday.
Former Shell chairman Lord Oxburgh, Labour peer and shadow climate change minister Baroness Worthington and former World Bank chief economist Lord Stern will table an amendment to the bill with widespread support from peers.
“The UK needs to replace much of its electricity generation infrastructure within the next 15 years or so as old nuclear and fossil fuel power stations reach the end of their lives”, Stern said.
“Building a lot more high-carbon infrastructure would require a rapid and expensive transition after 2030 if our emissions targets are to be met, including possible large-scale scrapping within the next couple of decades of new investments made in fossil fuel power plants.”
A decarbonisation target has received backing from major investors, including Hermes, Aviva and Schroders. They argue it is needed to attract further investment in power and manufacturing companies to develop the UK’s renewable energy potential.
Under the amendment, the UK would set a decarbonisation target for 2030, before April 1 next year. Both Labour and the Liberal Democrats support such a target.
An earlier decarbonisation target amendment was defeated by 23 votes in the House of Commons in June, in a rebellion by several Lib Dem and Conservative MPs.
Commenting on the proposals, Friends of the Earth’s executive director, Andy Atkins said, “The prime minister’s cynical attack on the environment in the face of energy company profiteering is adding to the uncertainty that is costing Britain jobs.
“Businesses have been waiting for two years for the go ahead to invest in clean power. Today peers can help end this farce and secure thousands of new jobs by backing a long-term clean power target.”
In May, a report from the Committee on Climate Change found that investing in low-carbon technologies throughout the 2020s could save consumers as much as £25-45 billion, rising to £100 billion with higher gas and carbon prices.
The report added that investing in gas-fired generation through the 2020s would only reap benefits if the world abandons attempts to fight climate change.
Like our Facebook Page
Harnessing the Sun: The Far-reaching Benefits of Solar Panels
7 Benefits of Purchasing Sustainable Housing
Our Top Five Sustainable Home Renovations For 2023
6 Ways Eco-Friendly Photographers Can Take Beautiful Natural Pictures
Emerging Research In Seagrass Restoration: What Does The Future Hold?
Sustainable Bites: How To Make Your Diet Eco-Friendly
Coffee Farms & Cloud Forests: Colombia’s New Eco Initiatives
Electric Cars: Are They Worth The Switch?
Maximizing the Efficiency of Deliveries: Strategies for Sustainable Businesses
The Rise of Sustainable Cloud Computing
The Future of Sustainability In The Logistics Industry
Can Eco-Friendly Businesses Embrace VPNs to Bolster Cybersecurity?
UK Lags EU in Installing Heat Pumps to Slow Climate Change
Eight Different Eco-Friendly Developments in the Food Industry
5 Key Areas to Look at When It Comes to Business Sustainability
Addressing Leadership Challenges in Green Entrepreneurship
Holding Eco-Friendly Coins is Greener and More Profitable
5 Reasons That Diamonds Can Be Excellent Green Investments
Eco-Friendly Airlines Use Weather Models to Make Safer Flights
Why Should We Invest in Eco-Friendly Homes?
- Features3 months ago
What is the Eco-Friendliest Option to Wash Your Dishes?
- Environment7 months ago
6 Home Improvements You Can Make to Help the Environment
- Environment11 months ago
How to Ensure Your Home’s Eco-Friendly During Construction?
- Business10 months ago
The Pulp & Paper Industry is Reaching its Sustainability Goals