Zürcher Nachrichten - UK Labour opposition sets out green energy policy

EUR -
AED 4.358686
AFN 77.145243
ALL 96.636973
AMD 452.900547
ANG 2.124546
AOA 1088.336435
ARS 1725.464149
AUD 1.707235
AWG 2.139287
AZN 2.013799
BAM 1.955354
BBD 2.406161
BDT 145.986713
BGN 1.993151
BHD 0.450405
BIF 3539.352612
BMD 1.186844
BND 1.512981
BOB 8.255118
BRL 6.245411
BSD 1.194492
BTN 109.70591
BWP 15.629658
BYN 3.402638
BYR 23262.149846
BZD 2.402662
CAD 1.618648
CDF 2688.202567
CHF 0.917039
CLF 0.026071
CLP 1029.433075
CNY 8.250645
CNH 8.248248
COP 4355.422163
CRC 591.57508
CUC 1.186844
CUP 31.451376
CVE 110.240328
CZK 24.360569
DJF 212.73239
DKK 7.467503
DOP 75.214117
DZD 154.438388
EGP 55.90725
ERN 17.802666
ETB 185.585211
FJD 2.616576
FKP 0.866911
GBP 0.867168
GEL 3.19856
GGP 0.866911
GHS 13.087071
GIP 0.866911
GMD 86.639448
GNF 10482.786402
GTQ 9.162988
GYD 249.935117
HKD 9.268638
HNL 31.532341
HRK 7.53326
HTG 156.346985
HUF 381.685626
IDR 19929.431485
ILS 3.66783
IMP 0.866911
INR 109.139241
IQD 1565.043144
IRR 49995.819691
ISK 144.996819
JEP 0.866911
JMD 187.210468
JOD 0.841466
JPY 184.045735
KES 154.23072
KGS 103.78971
KHR 4803.985566
KMF 492.540492
KPW 1068.159944
KRW 1728.763412
KWD 0.364266
KYD 0.995565
KZT 600.827939
LAK 25709.354463
LBP 106980.457386
LKR 369.447316
LRD 215.332715
LSL 18.968635
LTL 3.504443
LVL 0.71791
LYD 7.496322
MAD 10.836529
MDL 20.093588
MGA 5338.805156
MKD 61.625948
MMK 2492.763063
MNT 4232.739691
MOP 9.606809
MRU 47.666934
MUR 53.894966
MVR 18.34888
MWK 2071.536383
MXN 20.742444
MYR 4.678488
MZN 75.673253
NAD 18.968315
NGN 1657.879276
NIO 43.960717
NOK 11.448953
NPR 175.530934
NZD 1.971295
OMR 0.457938
PAB 1.194628
PEN 3.994189
PGK 5.113942
PHP 69.865996
PKR 334.192385
PLN 4.215357
PYG 8002.209077
QAR 4.355625
RON 5.095363
RSD 117.373237
RUB 90.539571
RWF 1743.046616
SAR 4.451618
SBD 9.556012
SCR 17.136845
SDG 713.89198
SEK 10.574663
SGD 1.508331
SHP 0.890441
SLE 28.870014
SLL 24887.532355
SOS 682.755826
SRD 45.160023
STD 24565.282435
STN 24.494931
SVC 10.452529
SYP 13125.994308
SZL 18.96052
THB 37.452649
TJS 11.152051
TMT 4.153955
TND 3.432432
TOP 2.857636
TRY 51.635564
TTD 8.111185
TWD 37.507823
TZS 3076.276554
UAH 51.202541
UGX 4271.044125
USD 1.186844
UYU 46.360015
UZS 14604.669895
VES 410.578618
VND 30777.24846
VUV 140.986971
WST 3.217275
XAF 655.824039
XAG 0.014548
XAU 0.000252
XCD 3.207506
XCG 2.153009
XDR 0.815617
XOF 655.810227
XPF 119.331742
YER 282.854672
ZAR 19.202781
ZMK 10683.018904
ZMW 23.444753
ZWL 382.163406
  • SCS

    0.0200

    16.14

    +0.12%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • BCC

    0.5100

    80.81

    +0.63%

  • CMSD

    -0.0400

    24.05

    -0.17%

  • BTI

    0.4600

    60.68

    +0.76%

  • CMSC

    0.0500

    23.76

    +0.21%

  • RELX

    -0.3700

    35.8

    -1.03%

  • RIO

    -4.1000

    91.03

    -4.5%

  • RYCEF

    -0.4300

    16

    -2.69%

  • GSK

    0.9400

    51.6

    +1.82%

  • NGG

    0.2000

    85.27

    +0.23%

  • BCE

    0.3700

    25.86

    +1.43%

  • JRI

    0.1400

    13.08

    +1.07%

  • VOD

    -0.0600

    14.65

    -0.41%

  • AZN

    0.1800

    92.77

    +0.19%

  • BP

    -0.1600

    37.88

    -0.42%

UK Labour opposition sets out green energy policy
UK Labour opposition sets out green energy policy / Photo: ANDY BUCHANAN - AFP

UK Labour opposition sets out green energy policy

The UK's main opposition Labour party on Monday vowed to turn the country into a "clean energy superpower" if it wins the next election.

Text size:

A vote has to be held by the end of next year, and Labour is currently well ahead of Prime Minister Rishi Sunak's Conservatives in opinion polling.

Outlining its green energy plans in Edinburgh, Labour promised that its plans to address the climate emergency would be "front and centre" of its economic strategy for government.

Leader Keir Starmer pledged "100 percent clean power" by 2030 creating 500,000 new jobs, including 50,000 in Scotland, to deliver energy independence from the likes of Russia and cheaper household bills.

"It is an ambitious goal. It will put us ahead of any major economy in the world. But at the moment we're nowhere near the front of the pack," he said in a speech.

"This is a race we have to win," he added.

The Conservatives under former prime minister Boris Johnson promised to hit net-zero carbon emissions by 2050.

But Starmer claimed that too much time had been lost and there had been a lack of investment in green energy compared to countries such as the United States.

An over-reliance on imported fossil fuels had also left UK consumers exposed to international price fluctuations, he argued.

"We will need to run fast to catch up, faster still to get ahead, faster again to stay there," he said. "Some nation will become a clean energy superpower. Why not Britain?"

Central to Labour's plan is the creation of a new state-owned company, GB Energy, to deliver on its 2030 goal and ensure the country is self-sufficient for power.

Infrastructure investment from borrowing would aim at doubling onshore wind, trebling solar power and increasing offshore wind four-fold.

Labour would also insulate 19 million homes to keep heating bills down, Starmer said.

Local opposition has dogged the development of onshore wind projects in England for years but Starmer promised to provide financial incentives for local communities to give up land.

Environmental campaigners have been angered by Labour refusing to rule out a complete ban on new North Sea oil and gas projects.

Starmer conceded that oil and gas would be "part of the mix for decades to come under existing licences well into the 2050s" but the sector was "dwindling".

In Scotland, questions have been asked about whether a Labour government would give the go-ahead for the Rosebank oil and gas field west of Shetland, in the far north.

"Rosebank is probably up for decision very soon now. And if it is granted, that falls into the category of existing licences" that Labour would promise to respect, he added.

R.Schmid--NZN