At the end of March, the UK Government published its long-awaited consultation (the “Consultation”) on the further development of the UK Emissions Trading Scheme (“UK ETS”) indicating the future capacity and scope of the UK scheme. The UK ETS was launched on 1 January 2021 to replace Great Britain’s participation in the EU ETS after … Read more

The Taskforce on Nature-Related Financial Disclosures (TNFD) has published the first draft of its Nature-related Risk & Opportunity Management and Disclosure Framework (TNFD Framework); which, together with subsequent drafts, will be open to feedback from market participants for the next 18 months. The TNFD is aiming to publish a usable framework and set of recommendations … Read more

The Financial Conduct Authority (FCA) has published a Policy Statement (PS21/23) and final rules and guidance in relation to climate-related financial disclosures for standard listed companies. It has also updated its guidance on climate-related disclosures for premium and standard listed companies. 1. Rules for standard listed companies Under new Listing Rule 14.3.27R, standard listed companies … Read more

Wider forces have wreaked havoc in global energy markets in 2021, but UK policy has caused additional complications in the UK. In this podcast, Paul Butcher, Director of Public Policy looks at: Read more

Have policymakers left us in energy limbo rather than transition? As winter fast approaches for the Northern Hemisphere, crisis increasingly describes the state the global energy system has reached; right now it’s easy to confuse graphs of energy markets with illustrations of the latest crypto-currency fad. Natural gas, coal and electricity prices around the world … Read more

In this podcast, Paul Butcher, our Director of Public Policy, looks at: the unprecedented nature of the current situation for natural gas, coal and electricity the consequences we are seeing for industry and consumers what caused the crisis, including: the ‘series of unfortunate events’ the surprising consequences of the pandemic and new ways of working … Read more

On Saturday, 4 September 2021, Ofgem (the energy regulator in Great Britain) published its plans to further support the UK’s transition to electric vehicles (EVs) in the deployment of EVs and their integration into the electricity system. Ofgem aims to get the network ready for EVs and ensure there is sufficient network capacity for EV … Read more

As part of the European Green Deal and the ‘fit for 55’ legislative package, the European Commission introduced in July 2021 a legislative proposal for a recast of the Energy Taxation Directive. The amendments are intended to assist the EU in meeting its climate policy objectives, including the 55% net emission reduction target by 2030 … Read more