The Energy Industries Council (EIC) has warmly welcomed the new government and said it looks forward to a productive collaboration in the coming months and years to ensure that the needs of the UK supply chain are prioritised in energy policy decisions.
“We look forward to working with the new government to address the critical issues detailed in our policy manifesto which we’re releasing today (11th July)” said Stuart Broadley, CEO of the EIC. “The importance of fully integrating the needs of the energy supply chain, which plays an extremely vital role in the UK economy, into energy policy decisions is critical. Our policy document outlines the steps needed to create an environment where innovation can flourish, allowing the UK to lead the global energy transition. By working closely with the government, we aim to ensure that our combined efforts drive the country towards achieving its net zero targets while maintaining a competitive edge on the world stage.”
The new manifesto from the EIC, the UK's largest energy trade association and one of the world’s biggest, underscores the necessity of a unified energy strategy to meet the nation's net zero goals.
The manifesto offers several recommendations designed to accelerate the UK's energy transition and strengthen its position in the global market. The document is based on extensive data from the EIC, including thorough analyses of energy projects and supply chain capabilities nationwide. It also incorporates insights from numerous industry reports and interviews with energy sector leaders.
Mr Broadley stated that an integrated energy policy is “an imperative for the UK,” warning that “we still lack the complete skill set and knowledge base required to effectively implement new technologies in the energy sector. There’s an urgent need for a unified strategy that leverages expertise from all areas. By harnessing our existing strengths, we can encourage innovation and speed up our journey towards net zero. This approach is crucial not only for our environmental targets but also for maintaining the UK's competitiveness on the global stage.”
The manifesto advocates for a comprehensive strategy that acknowledges the interconnectedness of various energy sectors.
“Policymakers must ensure that all relevant groups and stakeholders are involved at the appropriate stages” added Rebecca Groundwater, Head of External Affairs at the EIC. “The current fragmented system hinders the supply chain's ability to deliver and expand. Our recommendations aim to streamline processes and create a favourable environment for investment and innovation. UK policies should avoid fostering isolated supply chains which are ultimately counterproductive. You can’t, for example, have a supply chain for oil and gas and another for cleantech. It doesn’t work that way because we have one supply chain that covers the entire industry.”
To facilitate a smooth transition to renewable energy, the EIC highlights the need for clear and consistent project pipelines and investment timelines.
The manifesto also calls on the government to reassess and enhance support for the UK's energy sector in international markets.
For additional information:
Energy Industries Council (EIC)
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