Ambition Issue 46 (May/June 2021)

Page 68

Columnist

John Campbell Economics & Business Editor, BBC Northern Ireland

A Hero in Zero BBC NI’s Economic & Business Editor, John Campbell, discusses what it means to get to the goal of “net zero” by 2050.

W

ith the pandemic and Brexit continuing to dominate the conversation about our economy, you can be forgiven if you missed the publication of Stormont’s energy strategy consultation. But it could turn out to have the greatest economic consequence, as it gives us the first real sense of how the Executive is planning to get to net zero carbon emissions by 2050. That will mean, within the span of a single generation, fundamental changes to housing, transport, industry and agriculture. With the UK about to host a major summit on climate change the phrase “net zero” will be heard a lot in the coming months, but it’s worth reflecting on what it means. The UK, like most countries, has signed up to the Paris Agreement – a legally binding international treaty that aims to tackle climate change. The goal of the agreement is to limit global warming to below 2 degrees Celsius, but preferably below 1.5 degrees Celsius, compared to pre-industrial levels. Doing this will involve a rapid and significant reduction of greenhouse gas emissions, primarily carbon dioxide. Net zero means reducing those emissions as much as possible and then using a variety of technologies and techniques to remove any residual emissions from the atmosphere. Essentially that will mean a radical transformation of the energy platform on which our economy and society has been built over more than 200 years. Since the first Industrial Revolution, around 1800, our economy has become increasingly reliant on burning carbon-dense fossil fuels – first coal, then oil and gas. That must stop almost entirely within 30 years if the net zero ambition is to be realised. That means no gas or coal-fired power stations, no petrol or diesel vehicles, no oil or natural gas home heating.

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That is an awesome ambition and Northern Ireland will have to play its part in the broader UK strategy. We don’t start with a completely blank sheet of paper. For example, there has already been considerable success in decarbonising electricity generation. In 2005, just 3% of Northern Ireland’s electricity came from renewable sources. Now it’s almost 50%. There is an interim target of getting to 70% by 2030. But that can’t just involve doing more of the same. It will need new policies and substantial investment in the grid. And that very quickly brings us to the realities of net zero – it will involve massive upfront investment and an open political debate about who pays for it. The grid operator SONI has published its own consultation paper on getting to the 70% target, with four options requiring grid investment of between £113m and £535m. One of the options assumes that 700 megawatts of renewable energy comes from offshore wind. Northern Ireland currently has no offshore wind infrastructure despite it being talked about for 20 years. This interim grid investment is just a tiny fraction of what will be required in total. The Climate Change Commission (CCC), the UK’s statutory independent advisor on tackling climate change, has estimated that Northern Ireland will need to invest £10bn in energy supply to get to net zero.


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Articles inside

Jim Fitzpatrick

3min
pages 98-100

Dine & Wine - Chris Rees

4min
page 97

Belfast Office Payescape Announces New Partnership with UKG

6min
pages 93-95

Business Class Motoring

7min
pages 90-92

John Ferris

4min
pages 88-89

Openreach to Create 100 New Apprentice Roles

2min
pages 86-87

Best in Class

9min
pages 76-79

Richard Kirk

4min
pages 82-83

Empowering our Local

5min
pages 80-81

John Ryan

10min
pages 70-75

John Campbell

4min
pages 68-69

Leading by Example

5min
pages 64-67

The Test of Time

6min
pages 48-51

Going for Growth

4min
pages 60-61

Laura Gillespie

4min
pages 62-63

The Post-Pandemic Fit Out

6min
pages 44-47

A Cleaner Future

9min
pages 56-59

Constructive Law

6min
pages 52-55

Set for Action on Climate Change

5min
pages 40-43

Squaring Up NI’s Circular

4min
page 39

Marta Gajewska

4min
page 38

QES Survey

6min
pages 36-37

Why Quality and Quantity Matter

4min
pages 30-31

Niall Devlin

3min
page 28

NI Chamber in Conversation With

6min
pages 34-35

Encirc is New Chamber Patron

2min
pages 32-33

CEO Update

3min
page 29

Michael Jennings

2min
pages 26-27

My Ambition is to

3min
pages 14-15

Campaign BT Announces Refurbishment of

2min
pages 10-11

Stairway to Seven

3min
pages 20-21

Holiday at Home Tourism

3min
pages 8-9

Jane Shaw

4min
pages 12-13

A World of Opportunity

6min
pages 22-25

Kate Marshall

4min
pages 18-19

Bill Roy

4min
pages 16-17
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