'Roadmap to net zero: a manifesto for a fully decarbonised power system by 2035' urges the government to accelerate the pace and scale of decarbonisation dramatically, to reduce the UK’s vulnerability to the surging cost of gas by maximising the benefits of our cheapest sources of renewable power, and to rapidly develop a new green hydrogen industry.

The wide-ranging recommendations include reforming 'Contracts for Difference' (CfD) to attract more investment, particularly in supply chains. The report notes that although the CfD mechanism has successfully delivered new renewable capacity, the current market set-up may not be enough to deliver the volume of projects needed to fully decarbonise by 2035, as surging global demand for offshore wind is increasing competition for investment and putting pressure on supply chains.

These global pressures, combined with maturing technology, mean that the trend of ever cheaper prices may be at an...

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