31 Jul 2024 | 12:12 UTC — Insight Blog
UK's 2030 clean power target 'too soon' to benefit from CCS, new nuclear, hydrogen
Featuring Staff and Eric Yep
Energy transition highlights: Our editors and analysts bring together the biggest stories from the industry this week, from renewables to storage to carbon prices.
The UK government's ambitious 2030 power decarbonization target will have to be met without material contributions from carbon capture, new nuclear or clean hydrogen, S&P Global Commodity Insights' analyst Glenn Rickson said July 24.
Assuming a significant change in public attitudes towards major transmission projects also required a leap of faith.
"A 2030 clean power target date means that incremental new nuclear build cannot contribute, while there is even a question mark over Hinkley Point C being online in time. We also don't forecast hydrogen power playing a material role before 2035," said Rickson.
Under Commodity Insights' reference Planning Case, the UK is still generating over 80 TWh/yr of power from natural gas in 2030, while nuclear output drops to 5 TWh that year -- its lowest level in decades.
Infographic: UK's flagship net zero 2030 power goal
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