UK REVIEW OF ELECTRICITY MARKET ARRANGEMENTS: STARTING GUN FIRED ON MULTI-YEAR REVOLUTIONARY REFORM?

On 18 July 2022 the Government released a consultation on options for all non-retail electricity markets in Great Britain: the wholesale market, balancing mechanism and ancillary services. Everything is on the table from the most radical to the incremental. Investors and market participants should pay attention. Days after the new Energy Security Bill was introduced … 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

Leading the legal sector on climate change with Net Zero Lawyers Alliance

Herbert Smith Freehills is joining forces with other legal sector leaders to fight climate change through the Net Zero Lawyers Alliance (NZLA) – a coalition of commercial law firms committed to helping the world achieve net-zero carbon emissions by 2050. Justin D’Agostino joined leaders from a number of international law firms and corporates to launch the … Read more

London Climate Action Week – 26 June to 4 July 2021

We are proud to be a part of London Climate Action Week 2021 (LCAW), the annual event bringing together world-leading climate professionals and communities across London and beyond to find practical solutions to climate change. Founded in 2019, LCAW is the largest independent climate change event in Europe, helping to shape our future into one that is … Read more

FUTURE CITIES – THE PODCAST SERIES

Building on our series exploring the prospects of the modern city, our new podcast brings you interviews, commentary and fresh perspectives on one of the defining social and economic forces of modern life. Tune in and hear from our leading figures across a range of disciplines as they join industry experts to share insights and … Read more

National Infrastructure Bank (2) – crowding in post-pandemic

As anticipated in our blog on 14 December 2020, the Treasury has provided further detail on the UK’s new national infrastructure bank (the “Bank”) following the Spring 2021 Budget. The Leeds-based Bank has been given two core policy objectives: To help tackle climate change and help the UK meet its net zero emissions target by … Read more

Green finance and innovation – point 10 of the UK Government’s Ten Point Plan

In the final limb of its Ten Point Plan (the Plan), the Government acknowledges the significant investment required to achieve net zero through the developments and innovations elsewhere in the Plan. It seeks to leverage public and private sources of financing, increasing investment in research and development (R&D) while cultivating a green finance sector, including … Read more

National Infrastructure Bank – a new (and improved) Green Investment Bank?

Following hot on the heels of the Prime Minister’s 10 point plan for a green industrial revolution, the UK government has released its National Infrastructure Strategy. One of the flagship policies heralded in this paper is a new UK infrastructure bank. The government hopes the new bank will catalyse economic growth, bring geographic balance to … Read more