Chancellor of the UK's Exchequer Jeremy Hunt said the country plans to cut energy consumption for buildings and industry by 15% by 2030.
This will allow the United Kingdom to save about $33.8 billion, and will also contribute to the fight against climate change, reports UK public sector.
He noted that energy independence combined with energy efficiency is the only way not to depend on gas prices in the long term. This will also make it impossible to use energy for blackmail.
"Energy efficiency should become a joint mission of the government, population, and enterprises," Gant said.
The Chancellor of the Exchequer also emphasized that the Parliament plans to invest in energy efficiency approx $ 8 billion.
"I am announcing new funding, starting in 2025, in the amount of $7.26 billion , doubling our annual investment to realize these new national ambitions," he said.
Gant noted that Great Britain is a world leader in the field of renewable energy. Thus, in 2021, almost 40% of electricity was obtained from offshore wind, solar and other renewable sources.
“Since 2010, our renewable energy production has grown faster than any other country in Europe. We need to go further by significantly accelerating technologies such as offshore wind, carbon capture and storage, and nuclear power," he stressed.
He also announced that the government will continue the construction of a nuclear power plant that will provide 7% of the country's needs.
Gantt also announced the launch of a new working group on energy efficiency and publication of energy independence plans.
He also highlighted that rising energy prices are the single biggest driver of inflation and volatility facing UK businesses and consumers. And the Government's commitment to the British people is to eliminate this factor over time.
Earlier, EcoPolitic wrote, that MEPs voted to increase the share of renewable energy sources in final consumption in the bloc to 45% by 2030. Also, in a separate vote, they supported reduction of final energy consumption by at least 40% by 2030 and 42.5% of primary energy consumption compared to 2007 projections.
As EcoPolitic previously reported, the UK government published a "Call for Evidence", for updating the Strategy of green financing.
