Whilst some concrete measures to boost
UK
industrial capability in key areas have been announced, long-term priorities remain unclear and there is too much emphasis on renewable energy at the expense of a more balanced portfolio.
Commenting on the Industrial Strategy, Gilbert Toppin, Chief Executive of EEF, said:
“The strategy finally recognises that emission targets and subsidies for renewable energy will not automatically deliver the low-carbon industrial base the UK needs. It also sets out some practical measures which will enhance industrial capability in areas of major opportunity such as wave and tidal, offshore wind and nuclear power.”
“However, this is only a small step forward when we needed a giant leap. A more ambitious approach was needed that would have sent would-be investors a strong message about long-term funding priorities. Unless this is done quickly, we face the danger of companies in emerging industries gravitating to other countries with clearer long-term commitments.”
On the Energy White Paper, Gilbert Toppin added:
“Decarbonising the power generation sector is a critical component of meeting our environmental targets. However, government plans are over reliant on developing huge quantities of wind power to meet impractical renewable targets. Given the fragile state of the UK economy we need a more cost-effective approach based on a better balance between nuclear power, clean coal and renewables.”
EEF however welcomed government departments being given carbon budgets
“It is essential that implementation of measures towards a low carbon economy is carried out across Departments and government should be applauded for leading by example” added Mr Toppin.
ENDS