Climate Change is an Emergency
The Rising Cost of Living is an Emergency
Labour will tackle both.
Labour’s plan to combat climate change and create energy security includes:
- An energy efficiency revolution to insulate 19 million homes in a decade, cut gas imports by 15% and cut bills by up to £400
- Double our onshore wind capacity to 30GW by 2030, to power an extra ten million homes
- Increase offshore wind capacity to at least 75GW by 2035
- Triple solar power by 2030, back tidal power and further investment in hydrogen
- End the delay on nuclear power, confirming Sizewell C and backing SMRs.
Labour’s has a fully-funded £29bn plan to prevent the energy price cap rising, paid for by extra tax from oil and gas giants who are making eye-watering profits. This short term measure is complemented by a plan to reduce energy demand and lower bills in the longer term by insulating 19 million homes across the country over the next decade through Labour’s Warm Homes Plan.
Labour originally urged the government to implement this plan in 2021. If they’d acted, they could have insulated 2 million of the coldest homes by the winter of 2022 – saving the typical household an additional £1,000 every year on their energy bills. Freezing the price cap would also bring inflation down by 4%, making future interest rate rises less likely and easing the burden on households and businesses.