Labour pledge to tackle four key barriers in UK energy transition

Speaking at Innovation Zero in London (May 1, 2024), Ed Miliband, shadow secretary of state for Climate Change and Net Zero, named these specific issues as the ‘four horsemen of the apocalypse’.

Specifically, Miliband said that achieving Labour’s policy of a net zero grid by 2030 would be impossible without addressing these issues and implementing collaboration across government departments and industry.

Miliband accused the government of sending ‘mixed signals’ on its commitment to an energy transition, stating “uncertainty is the enemy of investment.”

He said that businesses and investors alike would benefit from clearer targets, and that Labour could offer ‘supportive’ decarbonisation policies and frameworks that could help improve direction and investment in the green economy.

“The government has no plan, and because there is no plan, there is no forcing mechanism to drive the government to make decisions for the long-term interests of our country. That's one of the things we want to change,” Miliband told the Innovation Zero audience.