It’s clear that businesses will play a key role in enabling the UK’s net zero transition. Encouragingly, even in the current Covid-19 era, we have seen an increase in the number of organisations that are pledging carbon reduction targets.
Following the Prime Minister’s pledge to ‘build back greener’, and ahead of the Chancellor of the Exchequer’s more detailed statement on the economic recovery plans, npower Business Solutions (nBS) consulted with 60 organisations, including manufacturers, professional services firms and the public sector, to assess whether they believed sustainability should form a central part of the proposals.
While it’s a time we will remember for many reasons – with Covid-19 resulting in shifting demand, an unprecedented coal-free spell and record low energy prices – it is also an opportunity to reflect and refocus.
What does the future hold for energy? While it's impossible to know for sure, looking back on how things have evolved can provide useful insight into what's to come - and help businesses decide what support they will need as they navigate a path to Net Zero.
The Covid-19 crisis has been a strange and difficult time for many, and our electricity system is no exception.
For the first time since the Industrial Revolution, the UK has recorded two full months without any coal-fired power contributing to our energy mix (as of 10th June).
Departments have re-assessed their short-term priorities and introduced regulatory easements to support essential companies operating under these exceptional circumstances, while the Chancellor has introduced a job-retention scheme and support loans to businesses.