Thanks Aya - huge dependency on imported energy. Energy security was a significant strategy highlighted as part of the UK Government's Powering up Britain raft of proposals announced along with Net Zero and Green Finance Strategy in March last year. https://www.gov.uk/government/publications/powering-up-britain#:~:text=Powering%20Up%20Britain%3A%20Net%20Zero%20Growth%20Plan,-Together%20with%20the&text=sets%20out%20the%20actions%20we,offshore%20wind%2C%20CCUS%20%2C%20and%20nuclear
Times article today notes:
Tories accused of complacency by delaying energy security summit
https://www.thetimes.co.uk/article/2c1cf768-b1b4-4f73-87bb-a7e09ac76b04?shareToken=1a41c303b1875d67fa0b3e6f813ec230
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James Doyle
Director, Green Finance, Investment Management
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Original Message:
Sent: 30-01-2024 10:29
From: Aya Pariy
Subject: UK Energy Trends 2023
Good morning community!
So great to see you talking online and discussing challenges. This morning I was doing my usual school run and it felt very cold. So I started thinking about what energy UK uses and what are the trends, wanted to see some hopeful things there showing we are moving towards more renewables.
Here's what I found out from the UK's "Energy Trend" report from the Department for Energy Security & Net Zero. The report assesses energy production and usage comparing the same month/period of the year before.
- Oil production dropped 10%
- Gas production fell by 13%
- Energy production from renewable assets increased (wind, solar and hydro) by 17%
- Renewable electricity generation grew 7%. As a share of total generation, renewable generation increased to 44.5%, outpacing fossil fuel's share
- Fossil fuel electricity generation decreased, 31%
- Net import dependencey increased slightly from 36.3% to 37.8%
As for coal. In the last quarter of 2023 UK coal demand fell 29% to a record low of 1 million tonnes. It is still 1 million tonnes though.
How do you feel about the UK's energy future? Will we maintain trajectory towards cleaner fuels and electricity or do you expect throughs on the way?
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Aya Pariy
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