UK urged to increase renewables to 65% by 2030: If the UK increases its renewable electricity target from 50% to 65% by 2030 it could make significant progress towards its net zero goal.
A new report by the National Infrastructure Commission has suggested, which says with no material change in the budget, that this change could be made, due to the current low cost of renewable generation.
Renewables due to dramatic cost reductions in recent years, are now the cheapest form of electricity generation, according to the findings.
The 65% renewables target could be achieved if policymakers push to generate the private sector investment needed, the body, which provides the government with expert advice on major long-term infrastructure challenges, argues.
However, the report notes that further work on new storage technologies, efficient interconnectors and other innovations are needed to support renewables as renewables alone cannot create a resilient energy system for future decades and ensure the security of the electricity system.
Sir John Armitt, Chair of the National Infrastructure Commission said: “The government should be credited for recent steps to encourage quicker deployment of renewables and for setting up successful mechanisms for encouraging private sector investments.
“These latest projections suggest we can afford to go further, faster without hitting consumers in the pocket.”
UK urged to increase renewables to 65% by 2030