The REA (Association for Renewable Energy and Clean Technology)
has welcomed the general election result announcing a Labour
victory. Together with our members, we want to help the
UK transition to a 100% renewable energy and clean
technology system by 2050, ensuring our sector can contribute to
the Government's energy goals and to meet our net zero targets.
The REA stands ready to support Labour's new ministerial teams to
overcome the policy blockages that are derailing the UK's
ability to meet these targets.
The REA encourages the party to be bolder and more ambitious to
fully seize the opportunities afforded by the energy transition,
and implement every measure in the REA's recently published
First 100 Days report.
The industry is demanding action and clarity to hit the ground
running after a period of uncertainty, to address the grid and
route-to-market barriers – issues that will also impact GB
Energy's success, if not addressed quickly.
Trevor Hutchings, CEO of the REA (Association for
Renewable Energy and Clean Technology), said:
“We're pleased to see an incoming Labour administration
committed to clean growth and energy
decarbonisation.
We would encourage Sir Keir and his team to galvanise a
sector that can boost the UK economy and achieve his target of
the highest growth in the G7. Recent
research suggests that the previous Governments'
cuts in renewables and clean technology investment over the last
decade has added £22bn to UK energy bills. Investing in our
sector can mitigate against rising energy costs, improve energy
security, create jobs and growth, improve international
competitiveness and help address climate
change
The impacts of climate change are already being felt around
the world and the longer we delay the higher the costs of
addressing it become. We will also miss out in the global
race for investment and talent in the technologies of the
future.
The REA is challenging this administration to be bold and
quickly seize this opportunity.”