At a ceremony in Birmingham this morning, the Labour Party launched its “manifesto for hope” including its plan for a “green transformation”.
The manifesto included a number of policy announcements and updates regarding the energy transition, including generating nearly 90% of the country’s energy from renewables by 2030.
The party is now pledging to be “on track” to reach net zero in the 2030s, a slight deviation to the motion passed at the party conference in September for net zero by 2030.
Nationalisation of the transmission and distribution grids and the Big Six suppliers form a central part of Labour’s energy pledges, and in transport it is proposing to bring the phase out of petrol and diesel vehicles to 2030.
A key aspect of Labour’s policies is its proposed windfall tax for oil companies, so that “the companies that knowingly damaged our climate will help cover the costs”.
![Oil refinery plant at night](https://tanjent-energy.com/wp-content/uploads/2019/03/Oil-refinery-plant-at-night-300x209.jpeg)
Oil refinery plant at night
The party sought to calm fears that such a move would cost jobs, claiming that it had a strategy to safeguard the people, jobs and skills that depend on the offshore oil and gas industry.
The party has already announced that it would create a £250 billion Green Transformation Fund, “dedicated to renewable and low-carbon energy and transport, biodiversity and environmental restoration”.
Of this £60 billion will be spent on energy efficiency upgrades for homes throughout the country.
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