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On 3 July 2023, the UK ETS Authority (the “Authority“) published its response to the consultation launched in 2022 in relation to “Developing the UK Emissions Trading Scheme” (the “Consultation“) (the “Response“). The Consultation, which ran from 25 March 2022 to 17 June 2022, sought views on a number of proposals to develop the UK … Read more
On 30 March 20223, the UK Government unveiled a comprehensive package of policy announcements relating to climate policy, energy security and green finance. Together, they set out a roadmap to reaching the Government’s goal of net zero fossil fuel emissions by 2050 while achieving independence from fossil fuel imports. Read more
The UK Government has signed a landmark memorandum of understanding (“MoU“) facilitating renewable energy cooperation between the UK, the European Union and other North Seas countries. This agreement marks a major step towards ensuring post-Brexit energy security for the UK and sets out a framework for future collaboration for an initial period until 30 June … Read more
In December 2022, the Department for Business, Energy & Industrial Strategy (BEIS) initiated a consultation regarding the considerations for future Contracts for Difference (CfD) rounds. This consultation is aimed at seeking feedback to the potential changes that may be made to the upcoming allocation round (AR6) due to open in 2024, as well as providing … Read more
This short note flags some potential implications for energy and infra operators and investors and then links to a longer note for those who wish to find out more. Both include examples of some of the unexpected impacts – in terms of the entities, individuals and activities that are caught in its crosshairs. The proposed … Read more
In this podcast, Emma Iles and Rebekah Gay from our Melbourne and Sydney offices are joined by Andrew Wells from our London office to discuss the role of intellectual property rights in a rapid and fair renewable energy transition. Global players are competing to set increasingly ambitious net-zero emissions targets. Do patents help or hinder … Read more
UK Chancellor of Exchequer, Jeremy Hunt, delivered his first Autumn Statement today. The principal measures are set out in our full briefing which can be found here but the energy sector will be particularly affected. Extension of the Energy Profits Levy for oil and gas companies The Energy Profits Levy currently applies at a rate … Read more
Energy analysis: The Energy Prices Act (the Act), introduced as a Bill to Parliament on 12 October 2022, was passed into law on 25 October 2022. Originally introduced as part of the former Prime Minister, Liz Truss’s, mini-budget, this emergency legislation includes a series of measures addressing the current energy crisis. This analysis was first … Read more
Governments and companies alike are striving towards a net-zero emissions future and implementing new technologies to help them get there. Hydrogen has emerged as a promising technology in the path to the clean energy transition, leading governments to recently announce ambitious hydrogen targets and projects. Read more
