IWA’s New Report Highlights Marine Energy Role in Wales
- Research & Development
Institute of Welsh Affairs (IWA) has launched the final Re-energising Wales report, ‘A plan for Wales’ renewable energy future: Essential actions to re-energise Wales by 2035′.
Back in 2016, the IWA Re-energising Wales project pointed out that Wales had a major opportunity around renewable energy. This was evident in the project’s ambitious objective to deliver a plan to enable Wales to meet its projected energy demands entirely from renewable sources by 2035.
“Three years later, we now have the numbers and evidence to prove this is possible. We believe that Wales has a major opportunity to make renewable energy part of our national identity.
“We have the opportunity to begin a cleaner, greener chapter in our industrial story, but bold leadership is required to achieve this vision,” IWA said.
Wales could create 20,150 jobs annually by switching to 100% renewable electricity alone by 2035. This change would also create £7.4 billion in total Welsh gross value added and have a substantial impact on the country’s ability to meet its climate change targets.
The report A plan for Wales’ renewable energy future is the 10th publication under the Re-energising Wales project. The report draws on evidence from the other publications to set out 10 urgent and essential actions for transitioning to a renewable energy future. These priority interventions include:
- Fund the future: Wales’ new First Minister should commit to 12 to 18 months of low carbon economic stimulus funding to immediately accelerate action on renewable energy and energy efficiency;
- Renew Wales’ homes: through improved building standards and a long-term greener homes programme to implement energy efficiency measures in 870,000 homes;
- Use local land for local benefit: ensure that planning regulations and public land are used to support new renewable energy schemes and maximize local gains;
- Future-proof the electricity grid: ensure the grid is ready to meet Wales’ energy aspirations;
- Get ahead in marine: coordinate government, industry, academia and others to establish a global advantage by making marine energy and floating offshore wind technology niche Welsh services; and
- Decarbonise transport: through a comprehensive ‘Transport Decarbonisation Plan’ co-produced by key public bodies and the transport sector and backed up by a national travel survey.
“Wales is starting to reshape its energy generation and is at a crucial point in terms of ensuring that our energy system is fit for purpose now and for the future. We need to be bold about the potential of renewable energy to underpin the country’s economic foundation and to deliver our national and global obligations,” IWA added.