Ed Miliband to double down on net zero with measures to combat Iran energy shock
Summary
Ed Miliband, the UK energy secretary, plans to strengthen Labour’s commitment to clean energy amid the Middle East conflict and rising fossil fuel prices. He will propose new policies to promote solar panels, electric vehicles, and separate gas and electricity prices to reduce consumer costs, while rejecting calls to increase North Sea oil and gas drilling.Key Facts
- Ed Miliband will announce policies to speed up solar panel use and electric vehicle adoption.
- The policies include expanding solar power on public land and separating gas and electricity prices for consumers.
- These moves respond to potential energy crisis triggered by the conflict between the US under President Trump and Iran.
- Oil prices fell after hopes that the Strait of Hormuz would reopen but then rose again amid continuing tensions.
- Miliband opposes fully stopping North Sea drilling but rejects expanding it as a solution to the energy crisis.
- The licensing process for new North Sea oil fields like Jackdaw and Rosebank is still undecided.
- The UK government is exploring “tie-back” arrangements to exploit more oil and gas near existing fields.
- UK demand for solar panels, heat pumps, and electric vehicles has increased since the Middle East conflict started.
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