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Stock impact report

Renewable Energy Outstrips Our Ability To Use It. Here's The Fix [Forbes]

National Grid Transco, PLC National Grid PLC (NEW) American Depositary Shares (NGG) 
US:NYSE Investor Relations: investors.nationalgrid.com
Company Research Source: Forbes
In the run up to Cop 29 the Labour government is pressing on with its commitment to decarbonising the U.K.'s power system by 2030 . This month at a summit in London's historic Guildhall, prime minister Sir Keir Starmer's called on global investors to unleash ‘the shock and awe of investment.' This follows a promise of £24bn of green investment unveiled earlier. Without significant structural change and massive private investment, however, the chances are the U.K. will miss its target. In a report to Parliament this July, the Climate Change Committee assessed only a third of the emissions reductions required to meet the country's 2030 targets were covered by credible plans. “To hit the U.K.'s net zero targets, we will need to generate 3 – 5 times as much electricity as currently,” agrees Suzannah Lashford, Head of Business Development at Vattenfall Networks, a subsidiary of the Swedish-owned energy provider. One of the main constraints is the electricity grid. Much of the infras Show less Read more
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