Labour’s ambitious target for offshore wind could be quietly shelved to make way for the giant funding commitment to pay for Sizewell C nuclear power plant
Much of Labour’s manifesto commitments for clean energy, a state-owned ‘Great British Energy’ company to promote new technologies and funds to support buildings-based insulation and low carbon measures, have been widely flagged already. But there’s not much attention being given to two big, interlinked, threats to Labour’s clean energy strategy. One is the looming black financial hole that the incoming Labour Government will trigger as it gives the financial go-ahead for Sizewell C. The second is the problem of organising a much more rapid build-up of renewable energy than the Conservatives have managed to achieve. Both will involve the Treasury having to commit themselves to supporting forward spending, and we know that money is tight!