**The benefits of renationalisation are clear, especially as it is becoming increasingly clear that government intervention is necessary to fight climate change.** These are some benefits for utilities being made public instead of private: • There is an economic term called a natural monopoly which means that there is only one efficient firm in the industry. This means that there is no competition. When this natural monopoly was in the hands of the government, they are less likely to exploit this monopoly than a private firm. • Public utilities mean that profits are shared with the taxpayer. For example, if a private train service like Avanti west coast set high prices, then the profit margin between running the service and the charge will go to shareholders. However, if these train services were run by a nationalised government rail line then the profits from train services would enable lower taxes. • Public transport plays a key role in reducing pollution and congestion. A private firm has less incentive to prioritise and work on these positives, but a government run public transport system could invest more in public transport to help improve the economic infrastructure to support a more sustainable future. • Gas and water should be considered necessities for basic living standards and not luxuries. Government provision means that groups in need can be looked after and provided with basic necessities without having to pay ever increasing prices. • Labour unions favour nationalisation because they feel they may be better treated by the government rather than a profit maximising private company. • For environmental reasons, some industries require long term investment that isn’t profitable in the short term. There would be more government incentive to do this as they are not working for big profits unlike private companies. Ex-shadow business secretary, Rebecca Long-Bailey, said that the [nation’s decades-old privatised system was an “insult and an injustice to our people and our planet”](https://www.theweek.co.uk/101318/the-pros-and-cons-of-nationalisation). She added that “Only by taking the grid into public ownership can we decarbonise the economy at the pace needed to secure the planet for our children and grandchildren while ending the rip-off, creating good jobs in local communities and making heating and electricity a human right”.