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https://twitter.com/beisgovuk/status/1524008357690060801On the big infrastructure side, will finally create the frameworks needed to accelerate investment in CCUS and hydrogen - both critical for net zero power system by 2035. Will also create a clearer long-term framework for network build and help sort the energy institutional mess.
(2/7): Ambitious targets for key tech fits the way PM operates (e.g. mass testing) – set a demanding goal that will require huge changes to deliver. Clear that this approach can work (offshore wind). 2030 commitment to phase out ICE vehicles was unthinkable just a few years ago.
#1 Net Zero power supplies: Given importance of electrification, set a bold date to completely decarbonise (more or less) electricity. Could be 2040, or even earlier. Should also set out 10-year ‘Acceleration Plan’ for bringing forward non-commercial tech (e.g., floating wind).
https://twitter.com/zeroc_official/status/1307945622922723329(1) Approach to carbon pricing too patchy (a point well made by (@EnergySysCat), with the cost varying hugely across (and within) different sectors. Govt should commit to an overall price target and work out how best to deliver it in each sector.
https://twitter.com/zeroc_official/status/12775194396851322881: The mixed signals in the power sector need to be fixed. The UK ETS won't quite do it, but there is finally an opportunity to create a more definable (and investable) single price. The idea to utilise it to help cut subsidy costs is a good one.