The International Energy Agency (IEA) has welcomed the UK’s reform of the electricity market claiming it enhances the nation’s credibility in the world stage. The organisation says it will be watched by other countries around the globe.

The Energy Policies of IEA Countries report highlights the nation’s aim of boosting energy efficiency and its plans towards reducing 80% of greenhouse gas emissions by 2050. This follows a previous report suggesting global carbon emissions hit a record high last year.

Maria van der Hoeven, IEA’s Executive Director said the UK “consistently plays a constructive role in international climate policy and its domestic policies enhance its credibility on the world stage.”

However, she suggested some changes are necessary: “For the United Kingdom to decarbonise its economy and energy system, huge private-sector investments in energy infrastructure are needed. Consumers must be certain that they are paying for the most cost-effective solutions. Enhanced co-operation with neighbouring countries will increase electricity security.”

The IEA also suggested if the Government’s Green Deal programme is to work, consumers need to be aware of the benefits.