UK Faces Setback in Achieving Net Zero by 2050 Despite Billions in Investment, Warn Analysts

Slow Progress in Renewable Energy Projects

Despite substantial investments, the UK is set to miss its net zero target for 2050, with analysts cautioning that the country will still rely on oil and gas for a third of its energy. Energy analysts from DNV reported that the UK is significantly behind schedule in implementing offshore wind farms, nuclear power stations, and solar farms, critical for replacing oil and gas.

Missed Targets and Continued Emissions

The DNV report predicts that by 2050, the UK will emit 125 million tonnes of CO2 annually, jeopardizing its commitment to achieving net zero. Transport emissions, particularly from fossil-fuelled vehicles, and slow adoption of low-carbon fuels in aviation are identified as key contributors to future emissions.

Challenges in Switching to Renewable Heating

The transition from gas to electric heating in buildings is progressing too slowly, with natural gas still projected to comprise over 50% of final energy demand for buildings in 2050. The report emphasizes the need for government intervention in expediting the decarbonization of domestic heating.

Offshore Wind Targets at Risk

Separate research from Energy UK reveals a shortfall in the UK’s 2030 offshore wind targets. Despite Prime Minister Rishi Sunak’s goal of expanding offshore wind from 14 GW to 50 GW by 2030, low minimum prices for power from new wind farms have hindered progress. Energy UK estimates a shortfall of at least 7 GW, impacting 25% of UK homes and missing emissions reduction equivalent to those of Essex.

Urgent Action Required

DNV’s warnings are echoed by Energy UK, emphasizing the urgency for immediate action to meet climate commitments. Analysts suggest that without prompt intervention, the UK will fall behind in global decarbonization efforts and miss out on the benefits of a low-carbon system.

Source:telegraph.co.uk

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