News & Analysis as of

United Kingdom Energy Sector Net Zero

Latham & Watkins LLP

Landmark Minerals Security Partnership Finance Network Established for Critical Minerals Projects

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The new financing initiative aims to enhance collaboration amongst export credit agency and development finance institutions to support financing for critical mineral projects....more

BCLP

Beyond the £22BN Pledge: What the UK Needs to Do to Develop Its Carbon Capture, Usage and Storage Industry

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Last week, the UK Government pledged £22 billion towards the development of the carbon capture, usage and storage (CCUS) industry in the UK. This is a significant step towards achieving net-zero emissions by 2050. ...more

A&O Shearman

UK Department for Energy Security and Net Zero Publishes Update on Extension of UK Emissions Trading Scheme First Free Allocation...

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The U.K. Department for Energy Security and Net Zero published an update in relation to an extension of the U.K. Emissions Trading Scheme's first free allocation period...more

A&O Shearman

AR6 — UK Offshore Wind rebounds

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The Department for Energy Security and Net Zero (DESNZ) has released the results of the Sixth Allocation Round (AR6) of the UK Government’s Contracts for Difference (CfD) scheme. Altogether, 131 low-carbon electricity...more

Vinson & Elkins LLP

Oops! . . I Grid It Again: [In]Coherency in UK Energy Transition and Security

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In this article, published in Pratt’s Energy Law Report, Miguel Colebrook and Iona Giby* argue for a new framework to understand energy security. This framework prioritizes investment in domestic infrastructure and secure...more

Vinson & Elkins LLP

Cutting the Gordian Knot: Recalibrating the UK’s Energy Transition and Security Principles

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‘Energy security and net zero are two sides of the same coin.’ This is the opening line of the UK government’s ‘Net Zero Growth Plan’, published in March 2023, and leaves no doubt as to the government’s perception of the...more

A&O Shearman

UK General Election 2024 - How do Labour and Conservative plans compare for net zero and the energy sector?

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The 2024 General Election is imminent and all four of the biggest political parties have now released their election manifestos. With the push to net zero remaining critical in accordance with the UK’s domestic and...more

Paul Hastings LLP

Energy Act 2023 – Six Months On

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What is the Energy Act and why does it matter? In October 2023 the Energy Act 2023 (the “Act”), dubbed the “biggest piece of energy legislation in the UK’s history” received Royal Assent. The Act contains wide ranging...more

A&O Shearman

10 lessons in sustainability regulation

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Creating an effective regulatory framework will be critical to deliver Net Zero. But does that mean more – or less – regulation? From trade agreements to taxonomies, carbon adjustment mechanisms to corporate sustainability...more

Vinson & Elkins LLP

Europe Energy and Infrastructure M&A: Risks and Opportunities in 2024

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Rising interest rates and stubbornly high inflation contributed to a subdued deals market in 2023. There was, however, no shortage of M&A highlights across the energy and infrastructure sectors, including the year’s two...more

White & Case LLP

Funding the energy transition: the role of Islamic finance

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Access to energy underpins our day-to-day and powers global economic prosperity and development, yet consumption of energy is the dominant contributor to climate change, accounting for approximately 60% of total global...more

BCLP

Second National Infrastructure Assessment: an Insight Into Future Infrastructure Policy

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Publication of the National Infrastructure Commission’s (NIC) second National Infrastructure Assessment (‘NIA2’) in October 2023, in line with its 5-year requirement, is an important step and a document that will be used to...more

BCLP

Minimum Energy Efficiency Standards - here to stay or at risk of becoming redundant?

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In September, ahead of the Conservative party conference, Rishi Sunak announced a step back from the Government’s net zero policy and targets.  This was followed up last week by the Government’s formal response to the Climate...more

A&O Shearman

Delivering Net Zero by 2050: the $200 trillion opportunity

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Until now, however, no comprehensive estimate existed of the of that opportunity, (or, to put it another way, the size of the financing gap between committed spending and the investment needed to deliver Net Zero by 2050...more

Latham & Watkins LLP

UK “Green Day” - Key Policy Measures Announced to Fuel Investment in Green Energy and Achieve Net Zero

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The UK government has unveiled a number of measures with the overall purpose of reaching net zero by 2050 and meeting the UK’s climate targets. On 30 March 2023, on what has been called the UK’s “green day”, the UK...more

Jones Day

Recent Shifts in UK Government's Climate Change Policy

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Net-Zero Review - The Secretary of State for Business, Energy and Industrial Strategy ("BEIS") has commissioned an independent review of the UK government's approach to delivering its net- zero target, in a way that is...more

BCLP

Is Nuclear Energy (Financing) Act 2022 an answer to UK’s energy security?

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The UK government has enacted the Nuclear Energy (Financing) Act 2022 (the “Nuclear Act”) on 31 March 2022. This note sets out a summary of the Nuclear Act and looks into the question whether it is an adequate measure towards...more

White & Case LLP

A range of tactics is needed to achieve a lower-carbon world

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Countries and companies are increasingly committing to net-zero goals that would require them to significantly reduce carbon emissions on relatively short timelines. The transition to a lower-carbon world won’t be easy, given...more

BCLP

Staying Alive: Extending the Life of a DCO

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The regime for Nationally Significant Infrastructure Projects (NSIPs) allows for Development Consent Orders (DCOs) to be granted for a set period of time (often 5 years), but only recently has it become clear that time limits...more

Latham & Watkins LLP

UK Net Zero Strategy: Understanding the Impact on Key Sectors

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The strategy sets out plans to reduce emissions from key sectors of the UK economy to ensure that the UK remains on track for net zero by 2050. On 19 October 2021, the UK government published its climate change strategy,...more

BCLP

UK’s Hydrogen Strategy: the real deal or just a lot of hot air?

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The UK Government finally released its first ever Hydrogen Strategy on 17 August. The strategy aims to drive the development of a hydrogen economy in the UK by unlocking £4 billion of investment in ‘blue’ and ‘green’ hydrogen...more

K&L Gates LLP

UK Budget 2021: A Meaningful Step Towards Net Zero?

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On 3 March 2021, Chancellor Rishi Sunak delivered the UK Budget 2021 (the Budget). Understandably, the Chancellor’s focus was on setting out the road map to the United Kingdom’s economic recovery from COVID-19. The Budget,...more

K&L Gates LLP

Powering Our Net Zero Future - Implications for the UK Hydrogen Sector

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Last week the UK government published its Energy White Paper (White Paper) titled ‘Powering Our Net Zero Future’. The purpose of the White Paper is to follow up on Prime Minister Boris Johnson’s ‘Ten Point Plan for a Green...more

BCLP

I’m dreaming of a White Paper…

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An early Christmas present in the form of the Government’s long awaited Energy White Paper “Powering our Net Zero Future” was finally gifted to us last week. We have digested the White Paper with our festive hats on and set...more

Spilman Thomas & Battle, PLLC

Currents - Energy Industry Insights: Issue 38, October 2020

Noble Energy Shareholders OK $4.1B Sale to Chevron - "The addition of Noble will boost Chevron's U.S. shale oil holdings, making it the No. 2 producer behind EOG Resources, according to data from Rystad Energy." Why this is...more

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