Supporting innovative technologies alongside a huge expansion of wind energy and other clean power sources could help the UK reach its net zero target by 2050, according to a new industry report.
The report by RenewableUK sets out a wide-ranging vision of how the UK’s energy system is set to change between now and 2050. Read the full report at http://vision.renewableuk.com/
Despite the short-term impacts of COVID-19 on energy use, RenewableUK expects low cost renewable power to grow rapidly in the next 10 years to meet new demand from electric vehicles, low carbon heating and renewable hydrogen. By 2050, RenewableUK predicts renewables could be providing over three quarters (76%) of the UK’s power needs.
Norfolk and Suffolk is at the epicentre of the world’s largest market for offshore wind energy, worth almost £1bn a year.
Commenting on the new report, New Anglia Local Enterprise Partnership’s All Energy Industry Council Chair Mark Goodall said: “The coming decades will bring rapid technological change and new technologies like green hydrogen have a key part to play in reaching our targets for decarbonisation.
“Our region is in an excellent position to benefit from the investment in, and growing demand for, clean energy and our All Energy Industry Council will continue to work closely with local and national Government to promote Norfolk and Suffolk and strengthen links with industry.”
New Anglia Local Enterprise Partnership board member Johnathan Reynolds said: “It is great to see this new report outlining an integrated, clean energy-led approach to decarbonisation.
“The Norfolk and Suffolk Local Industrial Strategy affirms our commitment to leading the way as the UK’s clean growth region. As we look to the ways in which our region can recover from the COVID-19 pandemic, the energy sector has an important role to play in supporting business growth, skills development and our position as an international hub for energy production and expertise.”
A net zero emissions energy system would see low cost wind energy capacity grow six-fold to over 120GW by 2050, attracting tens of billions in investment, alongside other renewable sources like solar and innovative floating wind and marine energy. In addition to these power sources, RenewableUK expects energy storage to grow exponentially as batteries and other forms of storage scale up to ensure our power supplies remain balanced at all times.
The study also highlights the huge potential for green hydrogen – hydrogen produced using renewable and low carbon electricity – as a zero-carbon alternative to fossil fuels.