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UK Labour Party proposes massive clean energy infrastructure investment to accelerate net zero transition

Electricity pylons run through fields near Amersham, Britain, September 29, 2023. REUTERS/Toby Melville/File Photo
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Overview

  • Labour plans to invest in upgrading the UK's electricity grid to facilitate renewable energy connections.
  • The current grid connection process causes delays for clean energy developers, with projects worth over £200 billion stuck in the queue.
  • Labour's proposal aims to deliver the largest upgrade to the UK's transmission infrastructure in a generation.
  • The plans intend to cut £93 billion from UK energy bills by 2030 while ending compensation payments to renewable generators for turning off when the grid is overloaded.
  • Labour positions the infrastructure investment as key to reaching the country's net zero emissions target.