The UK government has delivered a response to issues and recommendations raised by the Committee on Climate Change (CCC).
The CCC advised on the UK power sector and how it might lessen its environmental impact and reach carbon targets.
The government’s response included a confirmation that it will phase out power generation from unabated coal plants before 2025.
In addition, new nuclear capacity will be delivered to bridge the gap created with intermittent renewables with the reduction of fossil fuel generation.
Nuclear power will have its own ‘ambitious sector deal’ developed to increase its attractiveness to investors and reduce generation costs.
£177 million will be spent with the aim of reducing renewable energy production costs, with offshore wind blades and foundations receiving a large part of the budget.
The government plans to develop new fuels and manufacturing techniques with the aid of £460 million. The remainder of which will go toward decommissioning nuclear sites along with the development of new, advanced reactors.
The government outlined its commitment to carbon pricing, believing that this will help to reduce power sector emissions.
A further £265 million has been set aside to create systems to reduce the costs associated with the storage of electricity as well as other innovations to improve grid balance.