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Carbon Emissions

Answer

The transition to net zero will support both energy security and industrial competitiveness.

Switching to homegrown clean energy, including renewables and other clean technologies, offers security that fossil fuels simply cannot provide. And our Clean Power 2030 target is the key to long-term sustainable price reductions. Clean, homegrown energy is the best way to protect billpayers and boost Britain's energy independence.

The Government recognises the challenges in moving away from fossil fuels but is confident security of supply can be maintained throughout this transition. The recently published Clean Power 2030 Action Plan sets out our plans to secure critical supply chains in clean energy and foundational industries, such as steel and concrete.

Alongside measures to support the growth of these sectors, we are bringing energy costs for UK industries closer in line with other major economies, including through the British Industrial Competitiveness Scheme. This will slash industrial electricity prices by around 20-25% from 2027, which could benefit over 7,000 manufacturing businesses, including carmakers and defence manufacturers – which employ over 300,000 skilled workers.

The Government will publish its updated carbon budget plan by October. This will set out the policy package to the end of Carbon Budget 6 in 2037 for all sectors of the economy, and will include consideration of energy security and industrial competitiveness.

Secondary information

Type

Written question

Reference

67545

Session

2024-26

Subjects

Energy supply Carbon emissions Trade competitiveness

Link

View this Written question on www.parliament.uk