Corporate reporting – BEIS consultation on climate-related disclosures by publicly quoted companies, large private companies and LLPs

The Department for Business, Energy and Industrial Strategy (BEIS) has launched a consultation on mandatory climate-related disclosures by publicly quoted companies, large private companies and limited liability partnerships (LLPs). Context of the proposed mandatory disclosure requirements The UK Government aims under its 2019 Green Finance Strategy for all listed companies and large asset owners to make disclosures … Read more

The Green Gas Support Scheme – UK government responds to consultations

The UK government has now responded to the consultations on the Green Gas Support Scheme (the GGSS) and the Green Gas Levy that we reported on in our previous blog. The Future support  for low carbon heat, outlines further details on these schemes and how they will operate. Green Gas Support Scheme We previously reported … Read more

Climate change, decarbonisation, net zero – a glimpse into the 2021 Budget

The UK Chancellor of the Exchequer delivered the 2021 Budget to the UK Parliament on 3 March 2021. The budget delivered includes a package of related policy documents, some of which relate to planned commitments to tackle climate change and achieve the Government’s net zero by 2050 ambition. Two of the more interesting aspects of … Read more

UK North Sea Transition Deal – a closer look

As we reported last week on this blog, the UK Government published its landmark North Sea Transition Deal with the UK oil and gas sector. We look at these developments in more detail in this post. Introduction                                      … 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

Landmark North Sea Transition Deal with the UK oil and gas sector announced

The UK Government has today (24 March 2021) announced its commitment to the landmark North Sea Transition Deal with the UK oil and gas sector. The deal provides a blueprint for Government and sector cooperation to decarbonise North Sea production in line with the Government’s net zero agenda. The Government’s announcement that future licensing rounds … Read more

The UK ETS after Brexit

The end of the Brexit transition period on 31 December 2020 brought an end to the UK’s participation in the EU Emissions Trading System (the EU ETS), the bloc’s flagship ‘cap and trade’ scheme for reducing greenhouse gas (GHG) emissions. Having substituted this scheme for a near-identical UK alternative, there is now the possibility of … Read more