David Oliver, Senior Energy Consultant at Inenco Comments:
“Today’s Clean Growth Strategy paints a promising picture of future economic growth and is a welcome step towards greater clarity on government energy strategy. However, the promised investment in low carbon technologies, as well as funding to improve use of industrial heat, is a relatively small figure compared to the sums which will be needed by businesses as they make the transition to a low carbon economy.
“We imagine that businesses will be eager to discover how they will be supported in achieving the new target of a 20% improvement in energy productivity by 2030. In the current economic climate, and given high UK power costs and the uncertainty that remains due to Brexit, businesses will not be able to shoulder the lion’s share of additional costs.
“If UK government wants its businesses to be at the forefront of smart system innovation, to improve building energy efficiency, and to decarbonise heating systems, it will need to find robust ways to incentivise and support businesses as they work towards these goals.”