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UK ‘may fail energy targets’, says report

A lack of new nuclear power stations and renewable energy sources may contribute to the failure to meet carbon reduction targets in the UK, says the International Energy Agency.

In a report the IEA said natural gas fired plants are providing new electricity generation capacity, however there needs to be a mix of more efficient use of infrastructure, together with flexible demand.

The IEA said Britain needs £110bn invested in in the industry by 2020 to meet electricity demand.

For the British economy to cut its carbon intensity, “huge private-sector investments in energy infrastructure are needed,” IEA executive director Maria van der Hoeven said. “Consumers must be certain that they are paying for the most cost-effective solutions.”

UK utilities must replace 12 GW of aging coal and oil-fired plants and 7 GW of atomic reactors by 2020, the IEA estimated. Parliament is considering a draft energy bill that would guarantee returns for nuclear and renewable power.