That would put 200,000 jobs and billions of pounds of tax receipts at risk.
It would leave the UK more dependent on foreign powers and mean higher emissions from imported liquefied gas.
We introduced a windfall tax on oil and gas companies in 2022 to ensure they pay their fair share of tax from extraordinary profits while prices remain abnormally high.
In total, this is expected to raise over £26 billion.
Conservatives know that if we are forced to choose between clean energy and keeping citizens safe and warm, we will choose to keep the lights on.
We are delivering record investment into UK renewables.
But we need to go further, unlocking more investment to secure our energy supply in the future.
In the next Parliament we will: Treble our offshore wind capacity, to deliver low-cost, home-grown energy
and support the development of vibrant industrial clusters in places like the North East of England, Scotland and Wales.
cutting carbon
and creating tens of thousands of jobs in these regions,
and progress the second tranche of projects in Aberdeenshire and the Humber.
Scale up nuclear power, building on our work establishing Great British Nuclear.
create well-paid, high-skilled jobs
and deliver cheaper, cleaner and more secure energy.
improving join-up with overseas regulators assessing the same technology
and speeding up planning and environmental approvals.
and work with industry to deliver existing projects at Hinkley Point and Sizewell.
This will help the UK to become a net exporter of electricity.
And by building more electricity links with neighbouring countries, we can increase exports,
make our energy system more efficient
and bring additional revenue to the UK.
We will ensure offshore cables help reduce the amount of onshore infrastructure, such as substations, that we need to build.
As we achieve this transition to net zero, we will take steps to ensure the technology and infrastructure is made here in the UK.
or invest in more sustainable supply chains,
creating more good jobs as we get more energy from renewables.
We are strong supporters of domestic steel production and have introduced effective safeguards against steel that is heavily subsidised by foreign governments
and helped public projects procure more UK-made steel.
This will reduce the risk of industry being displaced to other countries which aren’t taking action on climate change.
The UK has led the world on tackling climate change, having cut our emissions more than any other major economy.
We will get to net zero on the fairest possible path and in a way that brings people with us.
We will seize the opportunities created by the transition, opening up whole new sectors
and creating hundreds of thousands of good jobs in all corners of the country.
Our approach leverages the innovation and investment of the private sector to unleash technologies that cut costs for households.
This has enabled us to overachieve on our targets, become a powerhouse in clean technologies,
and continue to support households.
We reject Labour’s dogmatic, top-down approach that will burden households with higher bills.
We will cut the cost of tackling climate change for households and business, and deliver net zero by 2050, by:
Sticking to our pragmatic, proportionate and realistic approach that eases the burdens on working people.
Ensuring that green levies on household bills are lower.
The cost of renewables such as wind and solar has fallen dramatically.
Energy bills are falling, down 63% since the peak.
We will take further action to ensure they are low as possible for families, by:
Implementing the recommendations of the Winser Review, ensuring networks are able to buy forward with confidence
Almost half of homes in England are now energy efficiency Band C, up from just one in seven in 2010.
We will ensure democratic consent for onshore wind, striking the right balance between energy security and the views of their local communities.
We will support solar in the right places, not on our best agricultural land.
We have changed planning rules to protect the best agricultural land with a presumption that this is used for food production,
while also making it easier for solar to be located on brownfield sites and on rooftops.
We will deliver a secure future for communities by giving more people a better chance of living where they would like – near their family, friends and job.