A report by Atkins has urged the government to act rapidly if it is to achieve net zero by 2050. Published on Monday 13 January, the company called for the government to prioritise consultation on alternative financing models for nuclear. Reviewing the electricity market and evaluating the impact of intermittent renewables on firm power pricing will also be essential. The company also advised for the acceleration of hydrogen research and the funding of pilot carbon capture, utilisation and storage projects. Additionally, the company noted that it will be essential for the government to address the “hidden costs” of system balancing and the stability in offshore wind to develop UK floating wind technology.
