National Grid Calls for UK Energy Masterplan to meet Climate Change Challenge
National Grid is taking an energy and climate change leadership role in the UK and calling for a national Masterplan to be developed to determine the route-map for a low-carbon economy.
The company is seeking greater Government, industry and consumer collaboration in order to meet the Government targets of 80% emissions reduction by 2050, and 15% renewable energy sources by 2020.
National Grid Chief Executive, Steve Holliday, said;
"Despite the challenging economic conditions, we must not take our eye off the ball in tackling climate change. This joined-up approach is essential to get the right legislative and regulatory frameworks in place and ensure necessary infrastructure investment is available in a timely manner for the connection of new renewable sources of electricity generation, and development of technologies such as biogas production, and linking smart meters into smart grids.
â€œHowever, electricity is not the full story. Heat and transport must also play their part. These are all areas where policy is still to be developed and new technology needs to be fostered. That is why we need a Masterplan.â€
National Grid has developed scenario's to determine the projected energy mix required to meet Governmentâ€™s 2020 climate change and renewable sources targets. It is investing around Â£3 billion a year in its electricity and gas networks â€“ approximately three quarters of this investment in the UK â€“ and focusing on new technologies to enhance energy efficiency across its networks.
The company is also implementing annual carbon budgets across all its operations from 1st April 2009 and aligning emissions reductions alongside customer service, reliability, safety and financial performance management.
National Grid's Head of Climate Change and Corporate Responsibility, Joe Kwasnik, added;
"We believe National Grid is one of the first companies in the world to align company-wide emissions with performance management. Our new interim emissions reduction target of 45%by 2020 â€“ which goes further than the European Unionâ€™s potential 30% reduction commitment by 2020 - will provide a more relevant milestone for our business planning process and ensure emissions management is integrated into every aspect of our operational decision-making.â€
For more information visit www.nationalgrid.com