| Work Detail |
Regulatory and policy direction is needed to incentivise grid infrastructure investment, says new report The “critical importance” of optimising land use to electrify the economy and meet the UK’s net zero ambition is revealed in a report from UK law firm TLT and real estate consultancy Gerald Eve. Competing land use priorities, from renewable generation and green infrastructure to industry, affordable housing, food security and biodiversity, mean issues related to constraints on the grid are one of the biggest challenges to Britain’s efforts to achieve its net zero targets. Key findings of the report, ‘The land use challenge: Creating a system to deliver net zero’, found that investment in updating existing grid infrastructure and more grid balancing projects will be critical, while current grid structure will need a complete overhaul to support the levels of renewable generation necessary to achieve net zero and ensure UK energy security. It also highlighted that clear regulatory and policy direction is needed to incentivise grid infrastructure investment and to clarify the weight and importance placed on renewable generation projects. While local and central government are key decision-makers in driving opportunity, support from private sector funders and investors will be crucial to accelerating change, allowing for rapid upscaling, and inspiring market confidence in newer, nascent technologies, the report also found. It also stated that net zero need not be viewed as a cost liability, but rather as a business opportunity. Other conclusions are around increased investment in the grid that should be encouraged by updates to local and national planning policy, while a more robust and flexible national planning policy and clarity around the priority given to different land uses will allow local authorities to make land use allocations which best benefit local communities and work towards net zero. A “whole system approach” and a collective, more connected voice from the major energy companies, developers, funders and DNOs in the sector will play a key role in delivering change, though increased public support will also be crucial. Maria Connolly, Head of Future Energy and Real Estate at TLT, said: “A period of monumental transformation lies ahead for the UK if we are to reach net zero by 2050. “A comprehensive overhaul of the existing grid infrastructure is needed to support increased renewable energy generation, distribution, storage, and stability, and complementary technologies such as hydrogen electrolysis and carbon capture. “Maximising land use is a critical part of this, to support the creation of a system that can deliver net zero.” |
