The UK Government’s Energy Policy was founded on three core principles:
- Cuts in its greenhouse gas emissions to meet climate change commitments
- Security of supply due to decliningNorth Seaoil and gas production
- Competition for energy maintained for the benefit of the consumer
The 2007 Energy White Paper reinforced these key themes and acknowledged that nuclear power would be an essential component of future low carbon energy supply. These and other national policies have acted as powerful drivers for the low carbon and environmental goods and services (LCEGS) sector which is estimated to be worth some £106.5 billion to the UK economy and is growing strongly. In the Northwest, this sector is strategically important to the regional economy with around 5,000 businesses, employing 87,000 staff with a market value of approximately £10 billion.