Following Labour's landslide election victory in the United Kingdom, the new government led by Prime Minister Sir Keir Starmer has unveiled its ambitious Green Prosperity Plan focused on achieving energy independence and addressing the cost-of-living crisis. The plan includes various key initiatives: 1. **Clean Energy Targets:** Labour aims to work with the private sector to significantly increase onshore and offshore wind, solar power, and invest in hydrogen and marine energy to meet clean energy targets by 2030. 2. **Great British Energy:** The establishment of a new publicly owned company, Great British Energy, will drive investments in clean power technologies, support capital-intensive projects, and promote local energy production for communities nationwide. 3. **Home Upgrades:** Labour plans to invest £6.6 billion to upgrade 5 million homes, offering grants and low-interest loans for insulation, solar panels, and low-carbon heating. This Warm Homes Plan aims to reduce energy bills and emissions. 4. **Net Zero Commitment:** While specifics on achieving net zero emissions are pending, Labour commits to reaching net zero and meeting carbon budgets. These initiatives are part of a larger strategy to transition to a greener economy and tackle both energy and climate challenges. The government also plans to regulate energy bills, enhance the national transmission infrastructure, and manage existing oil and gas fields while focusing on renewable energy sources and nuclear power for the future.