EDF unveils £50bn plan to support UK path to net zero

Our plan for a Green Recovery outlines our perspectives on how the energy sector can deliver jobs and support decarbonisation.

EDF has signalled its long-term commitment to the UK energy market, setting out plans to support the country’s transition to net zero.

On 23 September, it published a paper, Helping Britain achieve net zero: Our plan for a Green Recovery, where it set out how the energy sector can provide a route to that recovery, post COVID-19, in a way that meets those 2050 net zero ambitions. This would be through infrastructure projects, highly skilled jobs, apprenticeships and training opportunities, with EDF noting its Sizewell C nuclear development will create 25,000 job opportunities on its own, including 1,500 apprenticeships.

EDF is pledging to enable investment in low carbon technologies in the UK worth over £50bn by 2035, amounting to 12GW of wind, nuclear and solar power, which would meet a fifth of UK demand.  Elsewhere, its plan includes zero carbon energy tariffs as standard; supporting the increased uptake of electric vehicles (EV) by expanding its Podpoint charging network and supporting the delivery of the £500mn rapid charging fund; and investing in low carbon technologies to heat homes to meet its ambition of helping its customers to significantly reduced their combined carbon emissions by 2035.

EDF has also said it will work with government to ensure the right policies are in place to decarbonise at the lowest possible cost. This will include continuing carbon pricing, supporting the Treasury’s net zero cost review, and investment at the lowest cost of capital.