Ioli Noula

Insights from recent speeches by the Shadow Energy Security and Net Zero Secretary and the Party’s Shadow Chancellor shed light on the party’s energy policy and the perceived tension between maintaining fiscal responsibility and ambition on climate change action.

Delivering his statement in the House of Commons, the Chancellor confirmed a 45 per cent levy on the ‘extraordinary profits’ of electricity generators. But what defines an ‘extraordinary return’ and which electricity generators will be impacted? Crucially, what about reinvestment allowances? Below, Brevia unpacks some of the key takeaways from the new Electricity Generator Levy.

After several weeks of reported delays, disagreements and leaks, the Government has finally published its Energy Security Strategy. Crucially, the Strategy provides us with an insight into the main influences and influencers of this Government. With the next general election a mere two years away, the Prime Minister appears to be moving away from the climate focus seen at COP26. Instead focusing on internal party politics and maintaining support within the Conservative . Below, Brevia has unpacked some of the telling signs of what is currently influencing Government direction on energy policy.

The Government has delivered on its commitment to publish its remaining net zero strategy documents ahead of the COP26 Summit in Glasgow, with two weeks to spare. The Heat and Buildings Strategy, Net Zero Spending Review, as well as the overarching Net Zero Strategy were all published this week, albeit following months of delay. Publishing these documents was seen as crucial to the UK’s preparations ahead of hosting the summit. Despite this, the success of the conference continues to be riddled with uncertainty and doubts.

With less than 50 days until the COP26 Summit, Brevia will be tracking the latest milestones in the UK’s preparations for the upcoming climate conference. This week the Prime Minister carried out an extensive reshuffle of his ministerial team, including a shake up at BEIS, with Greg Hands MP becoming the new Energy Minister. Other notable highlights this week include the publication of the funding details for the upcoming Contracts for Difference (CfD) Round 4 auction.

With less than two months until the COP26 Summit, Brevia will be tracking the latest milestones in the UK’s preparations for the upcoming climate conference. This week saw MPs return to Parliament following the summer recess, with what is certain to be a packed Parliamentary term. COP26 President Alok Sharma MP unveiled some further detail on the UK’s preparation plans for the climate summit, whilst the EAC Chair, The Rt Hon Philip Dunne, called on the Government to deliver effective climate leadership in the run up to the event.

As COP26 approaches, Brevia will be tracking the latest milestones in the UK’s preparations for the upcoming climate conference. This week, the Government has continued to face a series of setbacks ahead of the COP26 Summit. Most notably, the Prime Minister is facing pressure both from the Treasury and from his own backbenches around the cost of net zero, whilst also having to face the possibility that the summit will need to take place in some form of ‘hybrid’ mode.

As COP26 approaches, Brevia will be tracking the latest milestones in the UK’s preparations for the upcoming climate conference. With the 100 day countdown to the climate conference looming, the Government has published a series of strategies and consultations on delivering net zero.  

As COP26 approaches, Brevia will be tracking the latest milestones in the UK’s preparations for the upcoming climate conference. This week’s developments cover the COP26 Programme, the publication of the Transport Decarbonisation Plan, along with the ESO’s Future Energy Scenarios.

As COP26 approaches, Brevia will be tracking the latest milestones in the UK’s preparations for the upcoming climate conference. This week’s developments cover the UK’s phase out of coal, the ‘greening’ of the UK’s financial sector, as well as two new Select Committee inquiries on the delivery of net zero.