Opportunities and delivery barriers for securing UK energy security.
On Tuesday 22 March the CBI’s Decarbonisation Council held its first meeting of the year, against the backdrop of the energy security crisis and response to Ukraine. The CBI’s Chief Economist, Rain Newton-Smith, opened the session with a political and economic update from the last quarter, including the CBI’s immediate role in responding to Ukraine and it’s work in convening business support.
The Council welcomed Greg Hands, Minister of State for Business, Energy and Clean Growth. In his opening remarks Minister Hands gave an overview of the government’s reaction to the ongoing energy crisis and the upcoming Energy Security Strategy. In his comments he recognised that net zero is part of the solution, outlining three government priorities for achieving energy security:
- Securing the ongoing production of UK hydrocarbons,
- Delivering the UK’s renewable energy ambitions by overcoming barriers to delivery,
- Extending beyond the current pipeline of nuclear energy.
Following Minister Hands remarks, the Council
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