Unlocking Investment for Net Zero | IPT
Chair: Alan Brown MP, SNP Spokesperson for Energy and Climate Change
Speaker: Sam Peacock, Director of Corporate Affairs and Strategy, SSE
Dinner Discussion

Date:

Monday 12 September 2022

Venue:

House of Commons

Start Time:

19:00

End Time:

21:15

The Climate Change Committee have said that a programme of low-carbon investment reaching £50 billion/year by 2030 will be needed in the UK to reach net-zero emissions by 2050. Solar PV module prices have fallen by around 90% since the end of 2009, and wind turbine prices have fallen by 55-60% since 2010, helping to make carbon free energy cheaper. The Energy Security Strategy set out a clear ambition to achieve 95% carbon free electricity generation by 2030, but the key question now is how best to deliver the infrastructure to meet this objective. On top of this, retrofitting homes, decarbonising transport, and identifying the infrastructure needed for hydrogen and carbon capture and storage are all essential but costly, so how can we unlock the investment needed to reach our net zero goals?

This event will:

  • Consider how to accelerate progress of the clean energy transition in the UK.
  • Evaluate the challenges to creating the investable, long-term frameworks to keep the cost of capital low in what will be a highly capital-intensive transition.
  • Discuss the importance of delivering investment in green infrastructure at a time when people are struggling with the cost of living.