For those that have sat down and focussed on Net Zero, its implications can seem quite daunting. A recent Aurora report highlighted the electricity implications and the gigawatts of renewables and indeed, other generation that will be needed alongside wind and solar etc. but there will need to be huge changes in transport, heat and wider than this, our food and industrial production and our building developments. Andrea Leadsom has promised to build on the Clean Growth Strategy next year to give a steer as to how the government is going to provide the push and pull for the changes needed. Whichever way you look at it however, it is going to need a further step change in mindset from the population, developers, supply chains, investors, funders and lets not forget, regulators if the goal is to be achieved.
Advisors also need to play their part. Whether they are financial, technical, legal and whether they are external or in-house, there is going to have to be a "can do" attitude. Those who have experience in the various sectors, be it transport, sustainable buildings, food and drink , energy will need to apply that more than ever before, to help navigate clients through and short circuit some of the major potential barriers there will be. Legacy regulatory rules that are not fit for purpose, habitat protection issues, network constraints to name just a few. We should not be daunted - we should be excited!
The Oxford consultancy’s ‘Getting to Net Zero’ report found the climate goal needs wind and solar capacity to increase to more than 140GW by mid-century, up from around 33GW today. Net zero will also require 20GW of new nuclear and 3GW of carbon capture and storage, Aurora said.
https://renews.biz/55820/uk-net-zero-needs-100gw-extra-green-power/