Nationalisation of the energy networks form a central part of Labour’s plans to address climate change. However, National Grid said nationalisation of energy networks would only hinder the progress already made in Britain’s shift towards renewable energy. Only a few days ago we broke the record for the longest period of time the country has gone without coal generation. “These proposals for state-ownership of the energy networks would only serve to delay the huge amount of progress and investment that is already helping to make this country a leader in the move to green energy.
Under Labour’s plans, the energy network companies would be brought under the control of a new national energy agency. The agency would also oversee a network of smaller entities tasked with sourcing renewable or low carbon sources for 60% of all energy use by 2030. The agencies would be responsible for initiatives including the rollout of electric car charging points.
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