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Mark Watts
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APPEARANCES
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Dec 23, 2025
S5 Ep.3 Policy, risk and public trust – Is the UK energy transition rolling back?
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21:58Mark WattsGUEST
If the objective is to make the change and you're not going to pay for it yourself... and you don't want to burden the taxpayer with it, then you need to actually put in place an environment where investors can look at it and say, yes, that's a coherent and stable framework, and we can therefore make long-term decisions off the back of that framework.
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22:21Mark WattsGUEST
If you can't get to that point, there are quite a few downsides, some of which are very obvious, some of which aren't.
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22:28Mark WattsGUEST
But effectively, uncertainty generally means risk, And risk almost always, for an investor's mind, means they either don't play at all or they demand a higher return or a higher cost of capital.