UPDATE ON THE OFFSHORE TRANSMISSION NETWORK REVIEW

INTRODUCTION The Offshore Transmission Network Review (“OTNR“) was launched in July 2020 to ensure that transmission connections for offshore wind generation can be delivered to support the UK Government’s ambitions to increase offshore wind power to 40GW by 2030 and to deliver on its Net Zero ambitions. In April, Ofgem published two Minded-to Decisions as … 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

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

REPOWEREU – ENDING THE EU’S DEPENDENCY ON RUSSIAN GAS

On 8 March 2022, in response to Russia’s threat to cut Europe’s gas supplies, the European Commission proposed an outline of the plan to reduce EU demand for Russian gas by two thirds before the end of the year and eliminate dependence on Russian gas well before 2030. By implementing the measures proposed by the … Read more

Getting to net zero in the energy sector: “practice makes cheap”

5 November 2021 was Climate Law and Policy day at COP 26 in Glasgow. I was lucky enough to speak on an expert panel hosted by the EBRD on “Reallocating International Capital and the Role of Law”. Wearing my McDonald Clan tartan tie, and beamed in via Zoom, I delivered an abridged version of the … Read more

Charging forward – Ofgem’s drive to electrify transport

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