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In November 2020, Chancellor Rishi Sunak announced the UK Governments much-anticipated National Infrastructure Strategy (NIS), with the news that £12bn will be spent on transforming the country’s infrastructure when the transition to reaching net-zero begins in 2021-2022.
Put simply: Yes.
Why?
Because the investment in the infrastructure, detailed in the Government’s recent Ten Point Plan, will lead to the creation of over 250,000 ‘green’ jobs, billions of pounds of investment and a substantial reduction in emissions.
The NIS also states that the Government expects up to 65% of electricity generated in the UK by 2030 to come from renewable sources, and they have acted swiftly by opening up a Contracts for Difference (CfD) scheme which will fund the research and implementation of floating offshore wind, solar and onshore wind projects.
Following the Chancellor’s announcement, Prime Minister Boris Johnson said:
“Our environmental agenda, set out in our recent ten-point plan, is fully reflected in the National Infrastructure Strategy, with ambitious commitments on energy, decarbonisation and clean economic growth driving us towards net-zero in 2050. Our new industrial revolution will create and support up to 250,000 green jobs.”
The TTP is a blueprint which will drive forward the UK’s ‘Green Industrial Revolution’, create over 250,000 jobs, build new ‘green’ industries of the future and attract billions of pounds worth of investment.
And to kick-start this green revolution, the Government is investing £12bn into ten key areas:
Offshore wind To produce 40GW by 2030 (enough to power every home) and create 60,000 jobs.
To produce 5GW of low carbon hydrogen by 2030 to create the first town heated solely by hydrogen.
To develop the next generation of small, clean and advanced reactors, creating 10,000 jobs.
To support the transition to electric vehicles by transforming the national infrastructure to support them.
To make cycling and walking the preferred way to travel and investing in zero-emission public transportation.
To research and implement greener ships and planes.
To make homes, schools and hospitals greener and more energy- efficient, create 50,000 jobs by 2030 and install 600,000 heat-pumps annually by 2028.
To target the removal of 10MT of carbon dioxide from the atmosphere by 2030.
To restore the natural environment by planting 30,000 hectares of trees a year, while creating thousands of jobs.
To develop the technologies needed to reach these lofty energy ambitions and make London the global centre of green finance.
With the push towards using electric cars and renewable energy becoming greater, the current infrastructure would collapse under the surge in demand.
The recent collapse of Debenhams is the perfect example of an overwhelmed infrastructure.
With the announcement of their closing down sale, the sudden increase in website traffic overloaded their bandwidth and caused the site to crash. This meant they had to implement a queuing system for their website to handle the increase in demand.
Now, imagine the UK switching to renewable energy and electric cars overnight.
Without warning, the National Grid would be overwhelmed by the extra demand, leading to national power cuts and energy curfews. Which is why this record investment in road, rail, broadband and renewable energies is welcome news – not just for the planet, but for the economy and business owners too.
The onus on reaching net-zero is on all of us. But finding the time, especially with the pressures of the pandemic, might feel impossible. So, how can you reduce emissions, save your business money and still have time to get on with running your business?
With Inteb.
Whether you want to make a serious commitment to reaching net-zero. Or just want to be more energy-efficient, Inteb will help you take action to make sure you get there. Not only will we research the best tariffs for you, we’ll also help you start making changes using our ‘Connected Energy Map’, which consists of six steps:
All of which will help you:
Reducing emissions can also lead to business growth as many companies now award contracts based solely on your green credentials, which means showing you’re serious about reducing carbon can win you major contracts.
So, don’t put being green off for another day.
Start now.
Let’s get the conversation started – call us now on 0151 601 3476
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