Update to the Capacity Market Rules: Government response to consultation, June 2021

The government recently undertook a consultation on certain amendments they proposed for improving the Capacity Market (CM). The government’s response to the consultation on improvements was published in June 2021. Below we have summarised the amendments that are now being made. The government will publish an updated Guidance document ahead of the 2021 prequalification window … Read more

Australian Government splashes the cash in positive step towards cutting emissions

The Australian Government has committed over AUS$1.1 billion for hydrogen, CCS/CCUS and international technology partnerships. The funding comes from the 2021-2022 Federal budget and broadly consists of: AUS$275.5m for the development of four hydrogen hubs AUS$263.7m for the development of CCS/CCUS projects AUS$565.8m for international technology partnerships This week’s Federal Government’s commitment sees some AUS$1.1 … Read more

UK’s Industrial Decarbonisation Strategy: one step closer to net zero?

On the 17 March 2021, the UK’s Department for Business, Energy and Industrial Strategy (BEIS) published a comprehensive 175 page decarbonisation strategy placing the industrial sector at the core of the UK’s ambition to reach net-zero carbon emissions by 2050. The strategy, which BEIS describes as the “world’s first” to set a specific vision for … Read more