What the Government is doing to secure investment in clean, secure and affordable energy

Department of Energy and Climate Change

January 26
16:06 2016

  1. Committed to the first new nuclear plant for a generation at Hinkley Point C. It will power 6 million homes for 60 years and also provide 25,000 jobs giving the UK economy a huge boost.
  2. Boosting innovation funding to over 500m, including 250m for nuclear innovation and Small Modular Reactors.
  3. Confirmed we could support up to 10GW of new offshore wind projects in the 2020s, with a further three auctions in this Parliament if the Governments conditions on cost reduction are met.
  4. Set out world leading plans to close all unabated coal-fired power stations by 2025 if were confident that the shift to new gas can be achieved within the necessary timescales.
  5. Allocated 295 million to invest in energy efficiency measures in schools, hospitals and other local public services.
  6. Introduced a new energy efficiency supplier obligation for 5 years from April 2017 set at 640 million a year - helping more than 1 million homes cut carbon emissions and keep their bills low.
  7. Committed to more than double the support we give to households and businesses to decarbonise their heating supply in this Parliament (from 430 million to 1.15 billion).
  8. Allocated over 300 million to deliver up to 200 heat networks in communities, leveraging up to 2 billion in private investment.
  9. Announced a 50% increase in the UK climate finance commitment to a total of 5.8 billion over the next five years to help the poorest countries cut carbon emissions and adapt to climate change.
  10. Signed the Paris agreement, which sends a clear signal to business to invest in the low carbon transition.

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