New analysis from the Energy and Climate Intelligence Unit (ECIU) has found that electric vehicles (EVs) will provide greater energy security than new North Sea oil licenses.
Analysis by the Energy and Climate Intelligence Unit (ECIU) has found that new North Sea gas licenses would account for only 1% of the fuels used in the UK by 2030.
The Department for Energy Security and Net Zero (DESNZ) is reportedly transferring 200 civil servants to a new office in Aberdeen, Scotland to boost investor confidence in North Sea oil.
The UK government has announced changes to the Energy Profits Levy, which put a marginal tax rate of 75% on North Sea oil and gas company profits which will see the tax rate fall back to 40% if prices “consistently return to normal levels for a sustained period.”
The Energy and Climate Intelligence Unit (ECIU), a nonprofit advisory group, has published research predicting that current government policies for heating new and existing homes will dramatically increase foreign gas dependence.
The Energy and Climate Intelligence Unit (ECIU) says that current UK government policies will leave British consumers dependent on foreign gas imports into the 2030s.