Labour vs Conservative energy targets
Ahead of the General Election, our Clean Energy team provide below an overview comparing Labour and Conservative energy targets:
| Area | Conservative | Labour |
| Oil & gas | Windfall tax (35%) in place until 2029, promised new North Sea oil and gas licenses | Raise windfall tax (38%) & possibly extend to 2030, ban new licenses |
| Nuclear | 24GW by 2050 | No set target but supportive |
| Offshore wind | 50GW by 2030 | 55GW by 2030 |
| Floating offshore wind | 5GW by 2030 (within the 50GW above) | 5GW by 2030 (within the 55GW above) |
| Solar | 70GW by 2035 | 50GW by 2030 |
| Onshore wind | No set target | 35GW by 2030 |
| Green hydrogen | 5GW by 2030 (part of overall 10GW ‘low carbon’ hydrogen target) | 10GW by 2030 |
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