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Create jobs and invest in clean power

With the right leadership and investment Great Yarmouth can power Great Britain. We have huge advantages: our coastline, our entrepreneurs and our workforce. But, to get cheaper bills, better jobs and energy independence from foreign dictators, we need to shift decisively to clean, homegrown low carbon power.

Labour will switch on Great British Energy — clean power built by Britain, owned by Britain, to cut bills and rebuild our industrial strength.

Keir Cozens wants to see Great Yarmouth at the heart of this move, building on the fantastic offshore wind projects along our coastline to bring good jobs, opportunities, and meaningful investment to our doorstep.

The sad truth is, many people across Great Yarmouth are still suffering from high energy bills – nearly doubling for the average family in recent years.

And people have been hit harder in Britain than other countries, because, thanks to the Tories, Britain’s energy supply is not in British hands and this country is exposed. We’re dangerously dependent on importing oil and gas from foreign dictators and unstable international markets.

That means we don’t control our own destiny. When there’s instability abroad, prices shoot up here at home. Look at what’s happened in the last couple of years. As Putin’s war in Ukraine ramped up, so did the price of gas.

The results have been devastating for the finances of ordinary families, whilst oil and gas giants have made record profits.

We need to take control of our energy system.

The solution is clean, homegrown power that we can produce and control at home in Britain – that is the only way to cut energy bills once and for all and make us energy independent.

Labour has a long term plan for clean energy.

A proper windfall tax on oil and gas companies. It starts by tackling the cost of living crisis. That’s why we have fought for a proper windfall tax on the excess profits of oil and gas companies, so we can support families with the cost of living.

Great British Energy. We will create a new publicly owned champion – Great British Energy, to give us real energy independence from foreign dictators. It will be owned by the British people, built by the British people and benefit the British people. It will invest in clean energy across our country – for example by quadrupling offshore wind, something we can embrace in Great Yarmouth.

National Wealth Fund. Alongside GB Energy will be a new National Wealth Fund that will invest in places like ours to rebuild Britain’s industrial strength, and crowd in private investment in industries like green manufacturing and offshore wind.

Key to the success of our plans is upgrading the national grid so that we have the infrastructure we need to move forward.

This is a once in a generation chance for Britain to lead again on the global stage, forging a Clean Power Alliance with like-minded countries – to seize the opportunities of clean energy, tackle climate change and provide lasting benefits to the country and the generations to come.

Warmer Homes. Labour would upgrade Britain’s cold, draughty homes, cutting bills and creating thousands of good jobs for electricians, engineers, and construction workers across the country.

Clean Power by 2030. A Labour government would:

  • Quadruple offshore wind with an ambition of 55 GW by 2030.
  • Pioneer floating offshore wind, by fast-tracking at least 5 GW of capacity.
  • More than double our onshore wind capacity to 35 GW.
  • More than triple solar power to 50 GW.
  • Get new nuclear projects at Hinkley and Sizewell over the line, extending the lifetime of existing plants, and backing new nuclear including Small Modular Reactors.
  • Double the government’s target on green hydrogen, with 10 GW of production for use particularly in flexible power generation, storage, and industries like green steel.