top of page
  • LinkedIn
  • X
Search

Reaching NetZero..... how ? where ? why ? and at what cost?

Undoubtedly, one of the most pressing questions of the 21st Century is how we achieve NetZero. Each new government modifies the targets set by its predecessor and begins to dismantle previous efforts.

It is crucial to first address how we are going to accomplish this goal, as there are both promising and less effective ideas on the table. Understanding the UK's energy mix is essential. It is a complex combination of technologies, including Gas-fired power stations (32%), biomass-fired power stations (7%), Solar farms (13%), Offshore/Onshore Wind (26%), Nuclear (12%), and imports via North Sea electralinks to France/Norway (10%). All figures were accurate at the time of writing.

Clearly, in the middle of winter, we cannot depend solely on Solar and Wind energy, necessitating a heavy reliance on Gas and Nuclear to sustain the baseload. The "how" question becomes critical as the current Energy Minister is determined to reduce or close the North Sea gas fields and avoid fracking. While fracking has environmental challenges, it could serve as a short-term solution for energy security. How will the United Kingdom ensure energy security with an unprecedented focus on Wind and Solar? What happens when the sun is weak, there is no wind, and policy has moved away from Nuclear and Gas Exploration in the North Sea and Lincoln?

I believe we will be importing oil and gas from distant sources in a bid to maintain energy supply for years to come. Current government policy does not prioritize British interests but focuses on investment in offshore wind farms, keeping power prices stable at best, with the true benefits going to development hedge funds providing the capital.

So where do we go from here? A viable approach involves exploring and deploying small-scale Nuclear reactors, not the massive power stations that cause widespread concern, but the smaller, innovative technologies patented by Rolls Royce, proudly British!

As we implement modular Nuclear solutions regionally, we can explore Lincoln and the North Sea under a British banner. Why not use foreign investment? Because this is our British energy infrastructure, and only our own resources should be used, ensuring profits benefit British companies, the British public, and the British government. If funding is a concern, let's reallocate the £8.5 billion for GB Energy and the £30 billion for Carbon Capture and Storage. This £38.5 billion could kickstart developments in the North Sea and Lincoln and accelerate a Nuclear resurgence.



 
 
 

Comments


bottom of page