Energy investment – not hot air

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Hot on the heels of roundtable energy talks at No 10, Energy Security Secretary Grant Shapps announced that the UK is to host a landmark Energy Security Conference in London next year.

Aimed at rewiring global energy resilience, the UK announced that it will host a new global energy security conference in 2024, to shore up critical energy supplies and make the system more resilient.

CREST Business Awards, as a body that celebrates the efforts of businesses and organisations committed to green and sustainable ethics, echoes industry leaders’ warnings that government, industry and regulators need to work collaboratively to combat the climate crisis.

Reassurances by Shapps at the August summit meeting with UK energy industry leaders were aimed at setting a positive direction by the government on net zero targets, amid cross party fears after Prime Minister Rishi Sunak announced that hundreds of new oil and gas licences will be granted in the UK.

He hailed the “immense opportunities” available for companies and communities with continued UK investment in renewable and other clean technologies, following the plans laid out be energy firms across renewables, oil and gas and nuclear.

They all outlined projects worth as much as £100 billion, to be built across the UK over the next decade. They warned, however, that the UK government, industry and regulators had to work together across the sector to accelerate investment into renewables, bring down bills and deliver on net zero.