National Grid’s Future Energy Scenarios highlight the need for immediate action to meet 2050 net zero target

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National Grid released its annual Future Energy Scenarios (“FES”) report last week, outlining four credible, potential pathways for the future of energy over the next 30 years. There is a renewed focus on how we can achieve net zero emissions by 2050, with three of the scenarios showing that net zero can be met (two by 2050, and one by 2048, which National Grid describes as ‘as soon as credibly possible’).
What are the key messages we can take from the FES?
The FES highlights just how significantly the energy landscape will change in the coming decades. Technology can be deployed to achieve net zero by 2050, but policy change to encourage significant investment must come now if the challenging targets set out in the FES are to be met.
the UK will not meet its legally binding ambition to reduce carbon emissions to net zero by 2050 without “immediate action” from the government on key energy policies