Yselka Farmer, chief executive of BEAMA, has responded to the Climate Change Committee (CCC)’s advice on the Seventh Carbon Budget.
For the UK to reach the government target of becoming net zero by 2050, the CCC stated that four in five cars should be electric and half of homes should have heat pumps in the next 15 years.
Yselka said: “These recommendations clearly demonstrate the financial benefits of implementing low carbon technologies to deliver the UK’s net zero goals. However, we can only ensure household savings if we adequately support the investment needed in the electrical products supply chain, which will be essential for the Seventh Carbon Budget.
“BEAMA’s Market Pulse report shows capacity utilised in the UK supply chain is currently 91%. The unprecedented surge in electricity demand, predicted to grow 70% by 2035, represents a tenfold increase in demand for some sectors. We will not be able to meet these requirements without a clear Industrial Strategy which prioritises infrastructure components needed to accelerate electrification.
“Government must act now so that manufacturers and supply chain operators can forecast their product pipelines accordingly. Only then will we unlock the levels of confident investment needed to build our capacity and be ready for the energy transition’s unprecedented economic opportunity.”