Carter Jonas's Energy team responds to the release of Prime Minister Boris Johnson's Ten Point Plan for net-zero transition
Date of Article
Nov 20 2020
Farms, estates & rural leisure
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Charles Hardcastle
Partner, Infrastructures
0113 203 1091 Email me About Charles
Charles is a Chartered Surveyor, RICS Registered Valuer and Head of the firm's Energy Team. He provides specialist advice on all manner of energy projects and associated infrastructure including: renewables, conventional oil and gas, shale gas, peak power generation and energy storage.Charles specifically advises landowners and developers on land referencing, site suitability, feasibility, technology selection and project delivery. He has specific expertise in site brokerage and negotiating option and lease, wayleave and access arrangements over sites for both landowners and developers. Charles also provides valuation and due diligence advice for secured lending, investment and agency purposes for renewable projects. Charles also advises private and institutional clients on all aspects of strategic rural, infrastructure and marine asset management.

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Released on Tuesday, 17 November, the £12bn plan is aimed at eradicating the UK's contribution to climate change by 2050, as part of the net-zero emissions target.

Charles Hardcastle, Head of Energy, Carter Jonas said: "The Prime Minister's Ten Point Plan has been highly anticipated. On first glance, it contains much for the green industries to be positive about - the plan includes several ambitious proposals and further reiterates the Government's commitment to mobilising investment in this area.

"However, many of the finer details, as to how these targets will be reached in practice, still need addressing, and there were some notable omissions from the plan, including the role of solar and onshore wind, both of which are now widely accepted as being some of the cheapest forms of unsubsidised energy generation.

"Many will welcome the moving forward of the ban on the sale of new petrol and diesel cars to 2030. However, it should bring into sharp focus the need to accelerate investment in the UK grid infrastructure, which is urgently required to support EV charging capabilities across the country, particularly along key motorways and arterial routes in rural areas.

"The announcement on further support for the hydrogen economy is welcomed given its ability to facilitate the wider integration of renewable generation by absorbing excess generation during periods of low demand on the network.

"Hydrogen also has the potential to deliver zero carbon HGV transport in the near future, and will aid the move to zero-carbon heating, which is proving difficult to achieve at present. Zero carbon heating will receive a further boost by moving forwards the ban on the installation of new fossil-gas-fired boilers in residential properties to 2023. This should accelerate the uptake of heat pumps, as well as fast-tracking the hydrogen agenda for local gas and heating networks."