Loading...
Market
UK construction industry plans to reduce steel imports by end of 2024?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Announcements from UK construction industry bodies or major news outlets
Story
UK Closes Last Coal Plant, Launches Clean Energy Drive; Relies on EU Imports Amid Security Concerns
Oct 8, 2024, 01:43 AM
The United Kingdom has officially ended 142 years of coal power generation by closing its last remaining coal plant last Monday. Following this historic milestone, the government launched a new clean energy industry initiative last Friday, promising thousands of new jobs to further advance the nation's commitment to renewable energy sources. As the country transitions away from coal, it will rely on imports of electricity from Europe to meet peak demand times. Despite concerns that UK energy security is now totally dependent on imported gas and that the construction industry relies entirely on imported steel, reports indicate that the risk of winter blackouts in Great Britain is at its lowest in four years. Additionally, analysts note that China has the global market for solar panels, wind turbines, and electric vehicles "stitched up," which may impact the UK's clean energy ambitions.
View original story
Similar markets
AI sector incentives • 25%
Life sciences research grants • 25%
Infrastructure development support • 25%
Other policy • 25%
Yes • 50%
No • 50%
Increased tariffs on imports • 25%
Subsidies for U.S. steel companies • 25%
No significant changes • 25%
Other measures • 25%
Tighter restrictions • 25%
No change • 25%
Looser restrictions • 25%
Other policy changes • 25%
Tax incentives • 25%
Direct subsidies • 25%
Price caps • 25%
No new policies • 25%
Telecommunications • 25%
Energy • 25%
Financial Services • 25%
Retail • 25%
Iberdrola • 25%
Stansted Airport • 25%
A company from the AI sector • 25%
Other • 25%
