The government has set out the design of the new UK Emissions Trading System (ETS), set to replace the EU Emissions Trading System.
‘Importance of the UK energy sector’ recognised as interconnectors included in Brexit negotiations outline
Trading through interconnectors is set to be included in the upcoming Brexit negotiations between the UK and the European Union, after an energy agreement was included in government plans.
Secretary of state for Business, Energy and Industrial Strategy (BEIS) Andrea Leadsom, spoke to the BEIS Committee on the 15 October, highlighting that the departments “number one priority” is meeting the UK's net zero goal.
Energy companies are lacking any kind of certainty over Brexit and how it will affect the sector, but cannot allow it to have any impact on the “fundamental issue” of climate change and the energy transition, some of Europe’s leading utilities have said.
A no deal Brexit could cause a “significant” increase in electricity prices in Ireland and force some suppliers to exit the market, government documents have revealed.
The government has made the first steps towards designing and implementing its own emissions trading scheme (ETS), paving the way for carbon pricing aligned to that of the European Union to continue post-Brexit.
The policy and legislative gridlock created by Brexit is at risk of costing the UK a leading position in the global electric vehicle market, Peter Kyle MP has said.
A hard Brexit that sees Great Britain fall out of the Internal Energy Market (IEM) could cost consumers as much as £270 million a year, a new report from the UK Energy Research Centre (UKERC) has claimed.
The government could be making decisions on the future of UK energy without considering their potential to impact consumer bills, according to a House of Lords select committee.