Over time, the state has steered the energy market towards decarbonisation, through policies such as carbon pricing and those supporting investment in renewables. However, meeting and maintaining net-zero emissions across the whole economy will start to become more challenging, involving decarbonising transport, heat and ‘hard to abate’ sectors like large industry and aviation.

This means the UK faces a challenge of achieving and maintaining zero-carbon power, whilst addressing a likely increase in energy demand. Many pieces of the puzzle needed to deliver decarbonisation are in place but greater coordination and certainty is needed; the pace of change needs to be quicker, and good value for money is essential. Is this where the state has a role to play?

Why you should watch the recording

The role of the state in the GB energy market is a report from Nesta and management consultants Baringa that sets out how an expanded role for the state could help to accelerate the pace of decarbonisation, bring down the costs of the transition, improve the resilience of the energy system and promote economic growth. Watch the recording to hear more about the analysis and recommendations, from two of the report authors, Ravi Gurumurthy and Duncan Sinclair.

This recording will be of interest to anyone involved in the energy transition, perhaps as part of the industry, or in a related role across government, academia or consulting.

The opinions expressed in this event recording are those of the speakers. For more information, view our full statement on external contributors.