Green Energy Gamble: investors beware

Factsheets
Written By Andrew Montford

Labour’s Clean Power 2030 target risks deepening the UK’s structural economic problems by increasing energy costs and undermining system reliability.

  • Public concern about energy prices is high and rising. Cost of living remains the top voter priority, far above climate or migration.

  • Expert analysis shows Clean Power 2030 will require significant public subsidy and drive up system costs by at least £25 billion.

  • Political and investor confidence in renewables is already weakening. The failure of the AR5 renewables capacity auction and price hikes for AR6 suggest AR7 this year will require consumers to fund yet more subsidies.

This briefing note is an analysis of the political risks facing Labour’s Clean Power 2030.

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Andrew Montford

The author is the director of Net Zero Watch.

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