Key energy takeaway’s from the Queen’s Speech

The Queen’s Speech delivered on 10 May 2022 announced a new energy bill (the “Bill“), which expands on the UK Government’s Energy Security Strategy, announced in April 2022. The Bill aims to reduce the UK’s exposure to the volatility of global gas prices, focuses on developing an energy system based on renewable energy and low … Read more

Energy and Infrastructure Consenting Notes – New HSF UK infrastructure planning blog

The London planning team at Herbert Smith Freehills has a new blog called Energy and Infrastructure Consenting Notes, focused on infrastructure planning in the UK. The team has promoted some of the biggest and most high-profile nationally significant infrastructure project (NSIP) applications to go through the Planning Act 2008 process, from the Hinkley Point and … Read more

THE FUTURE OF THE UK ETS – UK GOVERNMENT PUBLISHED UK ETS CONSULTATION

At the end of March, the UK Government published its long-awaited consultation on the further development of the UK ETS (the “Consultation“), 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 the end of the … Read more

EXPANDING THE UK EMISSIONS TRADING SCHEME TO COVER ESMISSIONS FROM WASTE

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

TNFD publishes beta version of Nature-related Risk & Opportunity Management and Disclosure Framework

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

Winds of change: an update on Australia’s offshore wind industry

Australia has made significant strides in its offshore wind industry in recent weeks, with the regulatory regime expected to commence on 2 June 2022. Victoria has announced Australia’s first offshore wind energy targets, and the Commonwealth Government released the exposure draft of the Offshore Electricity Infrastructure Regulations 2022 for public comment. These are important steps … Read more

Key developments in nuclear for 2022

The nuclear energy sector has entered into 2022 high on the political agenda, as policymakers attempt to calibrate the sector’s role in the race to net zero. While policymakers and experts largely recognise the sector’s potential in facilitating a carbon-neutral future, public support for nuclear projects is more ambiguous, largely due to concerns relating to … Read more