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Green – or jealousy? Winners and Losers in Britain’s Climate Change Plan | green economy

BAuris Johnson’s plan to accelerate the UK’s climate ambitions over the next 15 years will make rapid progress towards a carbon-neutral economy by 2050. The new goal – to cut UK carbon emissions by 78% compared to 1990 levels, by 2035 – reinforces the earlier pledge to reduce 68% by 2030. This greater ambition could fuel the fate of many low-carbon technologies that are poised for a rapid roll-out. Here are winners and losers from the new target.

Winners

Battery storage Energy storage developers are among those in line to benefit from Britain’s “green rush”. The power system has done much of the UK’s carbon-cutting responsibilities in recent years due to the boom in renewable energy and the frequent shutdown of polluting coal power plants. But the UK will need to plug electric vehicles and low-carbon home heating systems into a fast electric future, which would mean calculating renewable power every MW.

More wind turbines and solar farms are expected to mushroom along the UK’s coast and hills, but the country will still need more batteries to store its clean energy for gray days. Today 1.2GW of installed battery storage is operating in the UK, but a pipeline of projects totaling 14.5GW could soon start using electricity from nearby windframes and solar arrays in the coming years.

Green Home Specialist Domestic hobs and gas boilers make up about 15% of the UK’s carbon emissions. In 2019 the government’s official climate advisors, the Committee on Climate Change, warned that UK houses were “shockingly unprepared” for the challenge of the net zero carbon target. Since then, the government has scrapped the £ 1.5 billion Green Homes grant, which promised sums of up to £ 5,000 (or in some cases £ 10,000) to be put into insulation or low-carbon heating. Simply put, a tougher climate target for 2035 will leave a lot for policymakers to catch up on, and it means work for the fitting of heat pumps, electric hobs and double-glazed windows for an army of small businesses. There may be a possible catastrophe of.

Home solar panels are also expected to boom with small battery packs attached to car chargers and smart home appliances. A report by the Green Alliance thinktank estimates that 29 million homes across all the UK will need to do at least some work to make the grade in a carbon-neutral future – but it will create 190,000 jobs, a year on energy bills and easing Will save £ 7.5 billion. Pressure on the NHS by preventing disease.

A battery array near Dijon for storing power from France’s wind and solar power generators. Photograph: Philippe Desmez / AFP / Getty Images

Recycling plants Carbon emissions from UK waste make up 6% of the country’s total carbon footprint. This includes household rubbish that makes its way to landfills and incinerators as well as wastewater treatment and composting. This often overlooked contribution to emissions has failed to show much improvement since 2013. But there can be no place for the government to fall behind under a more than zero-ambitious path. A new tax has already been imposed to target plastic packaging that does not include at least 30% recycled plastic, and the government also set a target for recycling 65% of household waste by 2035 and a maximum of 10% Have done Municipal waste to end up in landfill.

Recycling company DS Smith warns that The UK is expected to remember this target of 2035 for at least 13 years Without extensive changes to the UK’s waste collection and recycling facilities. With the government’s increased incentive to reduce emissions, the industry is in a tizzy.

carbon capture Technology that can capture carbon dioxide from factories and power plants before it reaches the atmosphere is expected to play a major role in Britain’s climate action plans. The Prime Minister has promised 1bn pounds of public money to develop four major carbon capture schemes in the UK by 2030 under the plan of the “Green Industrial Revolution”.

Critics of the scheme believe that uncertainty and cost mean the UK would be better off finding a low-carbon alternative. The government itself has scrapped previous carbon-capture schemes due to similar concerns. But a tight deadline for emission reductions is likely to create more pressure on carbon-capture projects, which can trap, transport and permanently store emissions, especially from heavy industry. Scientists at the University of Edinburgh have warned that carbon capture may be the only effective way in the short term for the UK to prevent the steel industry and cement manufacturing from continuing emissions into the atmosphere.

But the plan will also ask more pressing questions for industries that are leaving risk behind.

The losers

the North Sea Last month, the government signed a “landmark deal” with the North Sea oil industry to help the sector cut carbon emissions while continuing to explore new opportunities for oil and gas production. Prey? Oil companies must pass a “climate compatibility” test proving that each application to extract more fossil fuels from the North Sea is “compatible with the UK’s climate change objectives”.

Britain’s latest climate ambitions will become a difficult hurdle to articulate, as domestic demand for fossil fuels may fall faster than before. The target of 2035 is likely to speed up the heating of low-carbon homes, and until they become equipped with carbon capture technology, it will be difficult for the UK to operate a gas power plant. Low gas power plants, home boilers and gas hobs can make a significant dent in UK demand and further make it more difficult to justify North Sea drilling.

Crude Refineries UK oil refineries are also likely to see lower demand for their fossil fuel products. At the end of this year, the government’s Transport Decabonation Plan is expected to build a roadway for reduced emissions from road, rail and aviation and provide funding for public transport, walking and cycling. There may also be plans to boost take-up of electric vehicles and increase fuel tariffs. Together, this could escalate a difficult time for UK refineries, who are already struggling during a pandemic following a sudden slowdown in transport fuel demand. One of the UK’s largest, the Stanlow refinery at Ellsmere Port, produces 16% of the UK’s diesel and petrol as well as around 10 billion liters of aviation fuel a year. It is under pressure to refinance after a tight year for sales.

A line of aircraft waiting to land at Heathrow
Aircraft at Heathrow: International aviation emissions have now turned into UK climate targets. Photo: Tim Oakenden / PA

Airlines The UK’s plan to reduce emissions is also the first time that international aviation emissions, which account for 7% of the UK’s total carbon footprint, will be included in a climate target. This means fewer flights, and especially shorter long haul trips. The Climate Change Committee has suggested that the cost of flying be increased with frequent flying taxes, or higher air passenger fees. The possibility of leading to less frequent flight may be eased after the epidemic, when many companies stopped traveling for face-to-face meetings and went on to videoconferencing with positive results for cost and productivity.

nuclear power plants The UK is currently building its first new nuclear power plant in a generation at the Hinkley Point C site in Somerset, and the government is in talks with its owner, EDF Energy, to build another nuclear plant at Sizwell in Sfolk. Large reactors are highly controversial due to sky-high costs, long build times, and the risk of overspeeding by billions of pounds. More emphasis on carbon cutting by 2035 could add another argument in favor of alternatives and against larger nuclear power plants that could cut faster and sooner. This bodes well for Rolls Royce, which is hoping to develop a string of small modular reactors. It could start building hundreds of smaller units to smooth the power system by 2030, with rapid climate action at a time that is important.

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