ICE responds Royal Academy’s energy report

In response to the RAE’s report on the future of the UK energy sector, director general of the Institution of Civil Engineers Tom Foulkes said:

The scenarios set out by the Royal Academy highlight the daunting scale of the challenges ahead of us. Clearly, transforming the energy sector in this way will require massive investment in new and upgraded infrastructure.

ICE has been calling for the creation of a National Infrastructure Investment Bank or similar funding unit, as a way of attracting the large volumes of private capital needed to deliver projects like this that will play a critical role in meeting low carbon aims.  Such a funding unit has attracted support from across the political spectrum as it would ensure essential infrastructure continues to be built, without putting undue strain on the public purse."

Emily Beadon,
ICE Media Relations,
t: 020 7665 2261
e: emily.beadon@ice.org.uk