Stimulus packages for energy weighted toward fossil fuels

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The UK is set to miss out on an opportunity to create green jobs and transition towards a flexible, renewable-powered economy as it builds back from COVID-19.

stimulus packages for energy

This is one of the conclusions from a new report from Wartsilla which found stimulus packages for energy weighted to support legacy fossil fuel energy.

Wärtsilä’s report – Aligning Stimulus with Energy Transformation – shows that £3.8bn stimulus commitments have been earmarked to support fossil fuel energy compared to £121m for clean power generation, a finding which has been based on Energy Policy Tracker data.

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This, the report says, is not aligned with the UK’s targets to achieve 57 per cent greenhouse gas reduction by 2030 compared with 1990 levels and net-zero by 2050.

The report is said to model what could be achieved if UK energy stimulus was entirely dedicated to measures to cost-optimally increase renewable energy, aligning economic recovery with decarbonisation.

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