Fundamental changes are required to the structure of the energy system to meet growing demand, rising emissions and consumer needs for affordable energy supplies. Major investments are necessary across the whole energy sector over many years. Ensuring sufficient investment flows where it is needed is a substantial and growing challenge for Government and industry.
The lack of consensus on the longer term energy policy framework, the differing views on priorities between objectives, uncertainty around EU and global climate policy, increased intervention by Government, and lack of clarity around the role of the private sector makes investment decisions more difficult. Given the investment challenge, the need for a stable, predictable and balanced energy policy is crucial.
In this video, Charles Hendry, Volker Beckers, Michael Grubb, Phil Grant, Rob Gross, and David Newbery talk about the investment challenges now facing the UK and Europe.