Association sets out policy changes needed to deliver net zero
Attracting investment to deliver net zero and energy security
At the start of a likely general election year, Fuels Industry UK has set out the policy changes needed from the UK Government so the fuels sector, and the UK as a whole, can transition to net zero with a thriving industrial sector still in place.
The recommendations can be adopted by any government to encourage essential investment in the delivery of net zero by making the UK competitive internationally.
The policies highlighted in the association’s Policies for the Fuels Sector report address:
- The UK’s high carbon and energy costs which are discouraging investors
- Old models of legislation and regulation that are slowing down the net zero transition
- The need to consider full lifecycle emissions
- The workforce skills needed to deliver net zero
Fuels Industry UK CEO, Elizabeth de Jong, said:
“The fuels sector is helping the UK decarbonise but faces higher industrial costs than most competitor countries, poorer incentives to develop new low emission technologies, and a policy environment that currently offers less certainty for investors. Without urgent action we risk falling behind and losing our global leadership in large-scale decarbonisation technologies like hydrogen, low-carbon fuels, and carbon capture.
“As we look ahead to the general election, this report sets out the clear policy needs of the fuels sector that will help us to deliver a successful transition while maintaining energy security for the UK.”
Notes to editors:
- Read the Policies for the Fuels Sector Report: here
Among the recommendations are:
- The fuels sector should be included in the UK-CBAM
- Implementing outcomes-focused regulatory regimes that encourage private investment
- UK Government must incentivise investment in all viable low carbon technologies which offer a path to net zero and stop picking winners
- Reforms are required to the Apprenticeship Levy and the wider package of adult learning in the UK, while opening up access to international workers where there are shortages