Labour’s Plan to Make Britain Cleaner

Updated: July 26, 2024

With Labour now leading the UK government, we are preparing for significant shifts in the energy and climate policy. The Labour Party’s ambitious plans aim to address the climate crisis, reduce energy costs, and create numerous jobs. On the 18th of July, His Majesty the King announced the government’s legislative agenda, which included a commitment to “rebuilding Britain” with over 40 bills and draft bills. 

Here’s an overview of Labour’s policies and what businesses can expect in the coming years.  

Setting Up Great British Energy: Cutting Costs Effectively  

A central aspect of Labour’s energy strategy is the establishment of Great British Energy, a publicly owned company intended to stimulate investment in clean, domestic energy production. Yesterday, it was revealed in the King’s Speech that plans are already underway for this initiative. Great British Energy seeks to stabilise and lower energy costs by co-investing in advanced technologies and supporting capital-intensive projects. To enhance long-term energy security, Great British Energy will be capitalised with £8.3 billion over the next parliament.   

Achieving Energy Independence  

Labour aims to achieve energy independence by significantly expanding onshore wind, solar power, and offshore wind capacity by 2030. Since coming into power on the 5th of July, Labour has already lifted the ban on onshore wind farms that were put in place by the previous government, the Conservatives. This strategy intends to leverage the UK’s natural resources and technological capabilities, which will help reduce dependence on foreign energy sources and enhance energy security for businesses.  

The Path to Clean Power by 2030  

Labour’s commitment to achieving clean power by 2030 involves significant investment in carbon capture and storage, hydrogen technology, and marine energy. Additionally, support for new nuclear power stations and small modular reactors aims to expand the energy mix while maintaining energy security through strategic reserves.  

Accelerating to Net Zero  

Labour’s goal of reaching net zero carbon emissions aims to enhance international competitiveness for British businesses. By supporting energy-intensive sectors in their transition to cleaner technologies and introducing carbon border adjustments, Labour seeks to safeguard UK industries while meeting global climate targets. 

Labour’s comprehensive plan for making Britain a clean energy superpower presents significant opportunities and challenges for businesses nationwide. As developments unfold under Labour’s government, our blog will continue to provide updates and insights to help businesses navigate these changes effectively.  

If you need any help with your business’s net zero plans, contact us today at 0191 303 7750 for guidance on the latest technologies in sustainability.