What is the Green Party proposing for the energy industry?

As the third article in our series on UK political parties’ energy proposals, we focus on the Green Party. Now the fifth largest party in the UK, the Green Party ranks just behind the SNP and the Liberal Democrats. Before the official manifesto is released, we’re evaluating the Green Party’s proposed policies for the energy sector.

Greener Energy

It’s no surprise that the Green Party is proposing nothing short of a green energy revolution. Central to their policy is a substantial reduction in fossil fuel power, in order to meet the UK’s net-zero goal by 2050. They instead propose that the UK’s energy mix will be “based primarily on renewable, very low carbon sources with offshore wind as a major source, supported by onshore wind, marine, solar photo-voltaic, biofuels, hydro power and geothermal”.

The Green Party propose developing offshore and onshore wind to provide at least 100 GW of electricity by 2030. They predict that this will provide approximately 70% of the UK’s electricity demand at this date. 
In a bold move, the Green Party’s energy proposals exclude nuclear power and include a policy to phase out both nuclear energy and coal. Currently, nuclear makes up 15% of the UK’s total energy mix. This stance is part of their broader strategy to eliminate reliance on high-risk and high-carbon energy sources.

New Buildings

The Green Party propose new rules for all new buildings, especially on how they are heated. They propose ruling out natural gas completely as a heat source. Instead, they propose heating buildings solely using: 

  • Solar thermal 
  • Heat pumps 
  • Biofuels 
  • Stored heat 
  • Electricity 
  • Geothermal  

Nationalising the ‘Big Five’

The Green Party plans to nationalise the five largest energy companies in the UK. This policy aims to bring these critical services under public ownership, ensuring that the energy sector serves the public interest rather than private profit. This would include British Gas, EDF Energy, E.ON Next, OVO, and Scottish Power. According to the Trades Union Congress (TUC), nationalising these companies would cost approximately £2.85 billion.

The Green Party proposes a substantial investment in a Green New Deal, allocating £100 billion a year for the next decade. This proposal aims to fund the transition to green energy.

Investments and Taxes

The Green Party proposes a new ‘carbon tax’ on the carbon emissions from producing goods and services. Starting at £100 per tonne of carbon dioxide and rising to £500 by 2030, this tax will be applied to all emissions. A portion of the tax revenue will be used to compensate those on lower incomes. This policy aims to reduce the “massive profits to be made from letting the climate burn”Green Party Co-leader, Carla Denyer.

To further discourage fossil fuel use, the Green Party proposes moving the current green levies from electricity bills to gas bills. These levies help pay for renewable energy projects and schemes, which help to reduce household energy bills.

Additionally, they propose raising the Supplementary Tax on the profits of North Sea oil and gas producers, to further discourage profiteering from the manufacture of fossil fuels.

Domestic Energy Users

The Green Party proposes further investment in home insulation and heating upgrades, targeting 1 million homes across Britain each year. This initiative aims to maximise household energy efficiency, reduce energy bills, and lower carbon emissions. This policy is hoped to help reduce fuel poverty, an issue that they aim to tackle also with:

  • Income policy
  • Health policy
  • Housing policy

What can you do to save on your energy bills?

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