IDEAS AND POLICY ADVICE
INVESTMENT IN ENERGY
REPORT FROM THE INFRASTRUCTURE FORUM'S
ENERGY WORKING GROUP
There is a pressing need for strategic investment in energy infrastructure to set the UK on the path to meet its upcoming carbon budgets and deliver Net Zero by 2050, but the economic impacts of Covid-19 and current market frameworks present a significant barrier.
However, with a clear strategy aligned with policy employing established funding frameworks, private capital could be harnessed to help to deliver the required energy infrastructure for Net Zero and beyond.
This report suggests that providing access to development capital through a newly formed co-investment fund or Infrastructure Development Bank would help to support projects, especially those with high development costs such as Nuclear and CCUS.
It is recommended that a joint HMT-Private Sector contact group be established to come up with potential options.
The Infrastructure Forum is part of the European Policy Forum, which has been improving the quality of policy ideas for the UK and the EU since 1992.
The Forum is highly regarded for its expertise in the financial, energy, transport, telecoms and other regulated sectors.