UK’s Energy Security Strategy focuses on renewables and nuclear

The new commitments are focused on boosting nuclear, wind, solar and hydrogen, as well as new licences for oil and gas exploration. The Energy Security Strategy could see up to 95 per cent of the UK’s electricity generated through low carbon means by 2030, the government said.

The Department for Business, Energy & Industrial Strategy (BEIS) claims the Strategy could create over 40,000 more jobs in clean industries in the short term, with up to 480,000 jobs by 2030.

The Strategy will see a significant acceleration of nuclear, with an ambition of up to 24GW generating capacity by 2050, representing around 25 per cent of our projected electricity demand. Small Modular Reactors from the likes of Rolls Royce could form a key part of this pipeline.

It will also see the creation of a new government body, Great British Nuclear, which will bring forward new projects, backed by “substantial” funding.

Elsewhere, the Strategy aims to generate up to 50GW of offshore...