It is a big question that has perplexed economists for years, as the country prepares for the electrification of Britain’s rail network.
The electrification project, which is set to be launched in 2018, will be the first in Europe, but will not be the last.
As the UK has become more energy-independent, the rail industry has been looking for alternatives to diesel, which was the main fuel of many of its passenger trains.
An electrified line would be the largest electrification scheme in Europe since the country switched to nuclear energy in 2000.
“A lot of the people who have been working on this have got their sights set on electrification, but there’s a lot of work to be done,” said Ian Jones, director of transport strategy at the Centre for Economic Performance, an think tank in London.
“It’s the first time it has happened in the last 25 years.”
Why electrify the rail network?
Rail transport in the U.K. is the third-biggest source of greenhouse gas emissions after coal and gas.
It is also one of the most heavily used modes of transport.
Currently, the government is working on a £30 billion plan to electrify Britain’s railway network, but the plan is expected to be scrapped after 2020.
While the government has invested heavily in rail infrastructure in the past few years, the UK’s population has grown and demand has increased.
According to Transport for London, the number of journeys per day has risen by nearly 20 percent since 2000.
The electrified railway network is part of a broader plan to make the UK the fastest growing country in the world, as part of the 2030 Agenda for a Safer, Better, More Efficient Britain, which aims to slash greenhouse gas pollution by 50 percent by 2050.
The U.S. is also expected to unveil a $2 trillion rail network in 2021, which will include electrifying all of its rail lines by 2030.
Rail is also an important component of Britain as it is the biggest single source of employment in the country, with 1.5 million people employed on the railway network.
A total of 14.7 million jobs will be created during the electrifying of the railways.
In 2019, the British Railways said it expected to invest an additional £10 billion on its rail infrastructure over the next five years.
That is more than double the £6 billion it expected in 2018.
This means that the government will spend more than £1.4 billion on the electrified rail network by 2021, compared to the £700 million spent on the previous decade.
However, a report by the Treasury in 2020 estimated that Britain could generate a further £1 trillion by 2030 if it electrifies all of the country’s rail lines.
Britain is also working on plans to upgrade the network, with the government committing to spend £1 billion on electrifying and replacing over 1,400 miles of track by 2027.
A second rail line would run along the coast, and the Uphold rail consortium is planning a second line in Wales.
Other plans include a proposed line between Cornwall and the Isle of Wight, and a route linking London to Edinburgh and Glasgow.
There are also plans to electrification the Thames, which connects the two largest cities in England and Wales.
But the biggest challenge is to build a fully electrified network of the kind seen in the United States, where the government spent billions of dollars on the rail infrastructure and is now looking at electrification plans for the whole country.
Why are electrification schemes so important?
The United Kingdom has one of Europe’s highest emissions levels, but has managed to reduce those emissions by more than a third since 2000, due to the efforts of the Ugly Duckling Clean Air Act and a number of other policies.
But there is a growing demand for more efficient transport, and as a result, it has become increasingly expensive to build new railways.
Electricity is the second-bigger source of emissions after oil and gas, and requires the biggest investment.
At current levels of investment, the Ugh!
Project is set for a $6 billion investment, while a new rail line to connect London to Scotland will cost £2.5 billion.
By 2020, the Government plans to spend over £4.4 trillion on the construction of rail lines and other infrastructure across the country.