- Net zero is a national mission, not just a party slogan.
- This is what Bob Ward, Policy and Communications Director of the Grantham Research institute told us in this week’s episode of the Net Hero Podcast.
- Bob told us that Labour’s lack of commitment to increasing public and private investment will mean that it will fail to meet targets.
- He said: ‘The secret to achieving net zero targets is investments by both the public and private sector.
- Ofgem has outlined significant challenges facing the gas distribution (GD) and?gas transmission (GT) sectors as the UK moves towards its?net zero?targets.
- Today, the energy regulator has announced its RIIO-3 Sector Specific Methodology Decision, outlining crucial guidelines for the GD, GT and Electricity Transmission sectors.
- The regulator emphasised the critical need for safe and reliable gas networks during the upcoming RIIO-3 price control period, underscoring their essential role in the country’s energy landscape.
- However, Ofgem acknowledged the uncertainties surrounding the pace and scale of transitioning away from natural gas.
- This uncertainty primarily revolves around potential asset repurposing for?hydrogen or carbon capture usage and storage (CCUS), as well as the potential decommissioning of assets by the 2030s and 2040s if they become obsolete.
- Ofgem has outlined significant challenges facing the gas distribution (GD) and?gas transmission (GT) sectors as the UK moves towards its?net zero?targets.
- Today, the energy regulator has announced its RIIO-3 Sector Specific Methodology Decision, outlining crucial guidelines for the GD, GT and Electricity Transmission sectors.
- The regulator emphasised the critical need for safe and reliable gas networks during the upcoming RIIO-3 price control period, underscoring their essential role in the country’s energy landscape.
- However, Ofgem acknowledged the uncertainties surrounding the pace and scale of transitioning away from natural gas.
- This uncertainty primarily revolves around potential asset repurposing for?hydrogen or carbon capture usage and storage (CCUS), as well as the potential decommissioning of assets by the 2030s and 2040s if they become obsolete.
