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Background In the Autumn Statement, the government announced that it would introduce a tax on the extraordinary returns of electricity generators and published a technical note (here). HM Treasury has now published further details regarding the operation of the Electricity Generator Levy, including a revised technical note (here) and draft legislation (here). Read more
The Australian government is consulting with stakeholders on two policy papers drafted for a proposed Guarantee of Origin (GO) Scheme for hydrogen and renewable electricity certification. Consultation on the policy papers closes on 3 February 2023. Snapshot The Guarantee of Origin (GO) Scheme is proposed to measure, track and verify greenhouse gas emissions, initially for … 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
On 6 December 2022, the Western Australian State Government announced a new approach to fast-track green energy approvals, intended to ‘slash approval timeframes’ for green energy projects. 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
Final days Negotiations at COP 27 spilled over into the weekend and finished more than 36 hours later than expected. Whilst agreement was met on many key issues, there were multiple points that remained contentious. These include: A resolution that peak emissions should occur in 2025 (and that after that date, world emissions should start … Read more
Release of the draft text Thursday 17 November saw the UN climate agency publish the draft text of the COP27 overarching agreement, the focus of the last week of negotiations and the document that will symbolise COP27 for years to come. The text appeared to still be in a very preliminary stage and many voiced … 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
Day 9 – “Biodiversity Day” On Wednesday, the focus at COP 27 was on climate change’s impacts on biodiversity and endangered species, and on the link between climate change and nature and ecosystem-based solutions. Dedicated sessions and meetings discussed the need for integrated responses to climate change and biodiversity loss, as well as solutions to … Read more