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THE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & LifestyleTHE BIZNOB – Global Business & Financial News – A Business Journal – Focus On Business Leaders, Technology – Enterpeneurship – Finance – Economy – Politics & Lifestyle

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Prime Minister Stresses the Importance of New Gas Power Plants for Energy Stability

Prime Minister Stresses the Importance of New Gas Power Plants
More gas-fired power stations will be needed, the government says More gas-fired power stations will be needed, the government says
Prime Minister Stresses the Importance of New Gas Power Plants
More gas-fired power stations will be needed, the government says More gas-fired power stations will be needed, the government says

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Prime Minister Stresses the Importance of New Gas Power Plants for Energy Stability

UK Prime Minister Rishi Sunak has advocated for the construction of new gas-fired power stations to ensure the country’s energy security. Sunak asserted that these new stations are necessary to replace aging plants that will soon be retired, providing a reliable and affordable backup for days when renewable sources such as wind and solar may not be sufficient. However, critics argue that the absence of measures for carbon capture in the plans could jeopardize the UK’s legally binding commitment to achieving net-zero carbon emissions by 2050.

In the Daily Telegraph, Sunak emphasized the need for these gas power stations as an “insurance policy” to protect energy security while transitioning to a net-zero economy. The government’s announcement did not specify details regarding the timing or locations of the new power stations, but it is part of a comprehensive review of the UK’s energy market.

The decision has prompted concerns from environmental advocates and opposition parties. The Green Alliance think tank disagreed, stating that the move contradicts the government’s promise to achieve zero-carbon electricity by 2035. The Energy and Climate Intelligence Unit highlighted the potential risk of increased dependence on foreign gas due to declining North Sea output.

The government’s rationale for the new plants is to guarantee energy security, maintain low electricity prices, and reduce reliance on foreign energy sources, particularly from countries like Russia. Sunak emphasized the national security implications, stating that a nation dependent on foreign dictators for its energy supply cannot be truly safe.

Critics argue that the government’s plans fall short of the commitment to cleaner energy solutions. Labor accused the Conservative government of potentially leaving the UK with another decade of high energy bills. Shadow energy secretary Ed Miliband criticized the Tories for hindering the transition to a clean energy future by opposing onshore wind, mishandling offshore wind auctions, and failing on energy efficiency.

Liberal Democrat energy and climate change spokesperson Wera Hobhouse also expressed disappointment, considering the announcement a step backward toward achieving net-zero emissions. Hobhouse emphasized investing in clean, renewable power and improving energy efficiency.

The government plans to have private investors build the new gas power stations, with a commitment to retrofitting them for hydrogen burning or incorporating future carbon capture and storage technologies. The government contends that these plans align with the recommendations of the Climate Change Committee, its independent climate watchdog. The committee has suggested that a small amount of gas generation without carbon capture may be compatible with a decarbonized power system, estimating it to be around 2% of annual electricity production. However, critics argue that the decision overlooks the potential long-term costs for consumers and environmental risks associated with building new gas power plants. Greenpeace warned that the government’s approach would increase dependency on fossil fuels, undermining efforts to transition to a low-cost, secure, clean energy system.


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