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Market News

 September 30, 2007
Energy white paper: meeting the energy challenge

 Energy is essential in almost every aspect of our lives and for the success of our economy. We face two long-term energy challenges:
  • tackling climate change by reducing carbon dioxide emissions both within the UK and abroad; and
  • ensuring secure, clean and affordable energy as we become increasingly dependent on imported fuel.
This White Paper, published on 23 May 2007, sets out the Government's international and domestic energy strategy to respond to these changing circumstances, address the long term energy challenges we face and deliver our four energy policy goals:
  • to put ourselves on a path to cutting CO2 emissions by some 60% by about 2050, with real progress by 2020;
  • to maintain the reliability of energy supplies;
  • to promote competitive markets in the UK and beyond;
  • to ensure that every home is adequately and affordably heated.
It shows how we are implementing the measures set out in the Energy Review Report in 2006, as well as those announced since, including in the Pre-Budget Report in 2006 and the Budget in 2007.

Some of the measures in this White Paper require further public consultation. Alongside the White Paper we launched consultations on nuclear power, the Renewables Obligation and guidance on the 1965 Gas Act.

Download Full Report Here