Following a decisive win in the General Election, the UK Labour party is set to launch GB Energy, a publicly owned company in Scotland, led by Ed Miliband as the Secretary of State for Energy Security and Net Zero. The company will focus on supporting emerging technologies like green hydrogen and carbon capture, with plans to increase windfall tax on North Sea oil and gas operators to raise funds. Industry experts believe the next five years are critical for the UK to achieve its Net Zero by 2050 goal and stress the importance of investing in areas such as carbon capture and storage (CCS) and low carbon technologies. Organizations like RenewableUK urge the new government to prioritize renewable energy development, lift bans on onshore wind, and increase budgets for clean energy projects to drive investment, job creation, and sustainable growth. The article also touches on the importance of partnership between government and business to accelerate energy system changes and attract global investors, emphasizing the need for a clear growth strategy and policy environment to incentivize private sector investment in decarbonization efforts.