“With Ofgem to publish its final determinations for electricity transmission and gas in December it is paramount the regulatory framework has the flexibility and agility to unlock the ambition and investment required to deliver, not delay, NetZero. The next five years will be crucial in our quest to tackle the climate emergency.
'With governments in Westminster and Edinburgh committing to world-leading climate change targets the renewable energy industry is calling on Ofgem to ensure investment in our networks is at least in step with, if not ahead of, this ambition,” Said Scottish Renewables chief executive Claire Mack.
Also read:
Citizens Advice sides with Ofgem in network investment row
Meanwhile, a new report released by the Society of Motor Manufacturers and Traders (SMMT) has suggested that a no-deal Brexit could cause the price of electric vehicles (EV) to soar.
Replacing diesel, hybrid, and petrol cars with EVs is a key part of the plans to hit the NetZero. Concerns over infrastructure and costs are already high.
According to the report, a no-deal Brexit could add an extra £2,800 to the price of Evs, something that will cut projected demand by as much as 20%.
Under a no-deal Brexit, tariffs under the World Trade Organisation (WTO) rules would be introduced adding £2,000 to the average cost of UK-built EVs exported to the EU.
“Just as the automotive industry is accelerating the introduction of the latest electrified vehicles, it faces the double whammy of a coronavirus second wave and the possibility of leaving the EU without a deal. As these figures show, ‘no deal’ tariffs will put the brakes on the UK’s green recovery, hampering progress towards net zero and threatening the future of the UK industry,” said Mike Hawes, SMMT Chief Executive.
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