Corbyn renewables drive

8th September 2016 | Commercial Energy

Jeremy Corbyn, Leader of the Opposition in the UK, has said that he will create 316,000 jobs in wind, solar and wave power if his Labour Party comes to government. He has also pledged to break the stranglehold on the British energy sector of the so-called “Big Six” utilities companies – British Gas, Eon, EDF, Npower, Scottish & Southern and Scottish Power – and create more than 200 local energy companies and one thousand community energy co-operatives, which he said would be generating 65 per cent of Britain’s electricity from renewables by 2030.

One of the UK’s largest unions have called his plans wishful thinking: Justin Bowden, the GMB’s National Secretary for Energy, said, “Wishful thinking doesn’t generate the power we need to heat homes, keep the lights on and the economy functioning. This means that until there are technological breakthroughs in carbon capture or solar storage, then gas and nuclear power are the only reliable low-carbon shows in town for all those days when the sun doesn’t shine and the wind doesn’t blow.”

Corbyn said that the 316,000 jobs in renewable would be part of a transition to a low-carbon economy, which would be driven by a £500bn national investment programmes, with a National Investment Bank and a network of regional development banks to ensure that jobs and opportunities are created in places where they are most needed.

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