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BREAKING
Local Syrian sources: The village of Al-Thala in the western countryside of Sweida was subjected to mortar shelling, with explosions heard in the area.
Occupied Palestine: Very violent Israeli raids target Tal al-Zaatar in Jabalia, north of the Gaza Strip.
Occupied Palestine: 15 martyrs were recovered as a result of the ongoing Israeli raids on the city of Beit Lahia and the Jabalia camp in the northern Gaza Strip.
Al Mayadeen's correspondent in occupied Palestine: More than 300 martyrs and 500 wounded in three days of ongoing Israeli raids on the Gaza Strip.
Occupied Palestine: The occupation aims to ethnically cleanse the Sultan area near the Zikim settlement.
Occupied Palestine: The IOF is besieging a school housing displaced persons in the Al-Sultan area, north of the Gaza Strip.
Occupied Palestine: Dozens of martyrs and wounded, mostly children and women, in Israeli raids on the northern Gaza Strip.
Al Mayadeen's correspondent in occupied Palestine: The Israeli occupation is committing genocide in Beit Lahia, north of the Gaza Strip.
Occupied Palestine: The Indonesian hospital is filled with martyrs and wounded after the IOF bombed homes in northern Gaza.
Occupied Palestine: IOF aircraft targeted a tent on Al-Madrasa Street in the Al-Mashrou area, west of Khan Younis, in the southern Gaza Strip

UK’s net zero ambitions risky after ‘disastrous’ offshore wind auction

  • By Al Mayadeen English
  • Source: News websites
  • 10 Sep 2023 10:52
  • 1 Shares
3 Min Read

UK Industry leaders and the TUC are sounding alarms about the potential failure to achieve carbon reduction targets and the risk of significant job losses unless the government increases its investments in green initiatives.

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  • Cars enter the new Ultra Low Emission Zone that has come into force Monday, in London, Monday, April 8, 2019, one of the world's first emission charge for cars. (AP)
    Cars enter the new Ultra Low Emission Zone that has come into force Monday, in London, on Monday, April 8, 2019. (AP)

Concerns are rising that existing offshore wind projects in the UK could face abandonment due to what industry insiders describe as "disastrous" government handling, resulting in a significant renewable energy shortfall.

Ministers recently disclosed that no additional offshore wind farms would proceed in the UK following the latest government auction, where no bids were made. This outcome followed the government's disregard of warnings that offshore projects were no longer economically viable under the current system, a concern first reported by The Observer last month.

The offered energy prices did not account for the soaring inflation affecting industry costs. Moreover, inflationary pressures may now imperil previously approved schemes, including the multibillion-pound Norfolk Boreas wind farm, designed to power 1.5 million British homes, which has already been put on hold.

The failed auction was exacerbated by the government's decision to set a maximum price of £44 per megawatt hour, based on 2012 prices, mirroring the previous auction's rate, which was determined before inflationary pressures hit the industry and its supply chain.

Industry leaders are urgently calling on ministers to announce an increase in the maximum price for next year's auction. They also seek assistance to ensure that already approved projects can proceed. These pleas have been ongoing since January, with industry figures emphasizing that even with a price increase, offshore wind would remain one of the most cost-effective energy sources and enhance the UK's energy security.

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Sizeable gap between UK targets and present reality

The setbacks in the offshore wind sector pose a challenge to the UK's carbon reduction commitments, as this industry plays a crucial role in achieving those goals.

The UK aims to decarbonize its electricity system by 2035 and achieve net-zero emissions by 2050, with plans to nearly quadruple offshore wind capacity from around 14 gigawatts to 50 gigawatts by 2030. However, there is now a 24-gigawatt gap between anticipated procurement in offshore auctions and the 50-gigawatt offshore target.

This situation coincides with trade unions warning that the UK could lose hundreds of thousands of manufacturing jobs unless it follows the lead of Joe Biden and makes substantial investments in the green industry. The TUC (Trade Union Congress) stressed that the UK's industrial regions, such as the West Midlands, the Northwest, and Yorkshire and the Humber, are particularly vulnerable.

They estimate that approximately 800,000 manufacturing and supply chain jobs in sectors like automotive, steel, and plastics could be at risk without a climate-focused industrial strategy akin to Biden's Inflation Reduction Act, which allocates significant funds to climate change initiatives.

In response to these concerns, a Department for Energy Security and Net Zero spokesperson emphasized the UK's commitment to renewable energy and net-zero goals, highlighting substantial investments and job creation in the sector.

  • energy prices
  • Net Zero
  • United Kingdom

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