There is no point in creating policies like an Emissions Trading System or Carbon Performance Standards if the measurements they rely on bear little relation to empirical reality, writes Dr Danial Sturge.
The forward-looking state of Minas Gerais is looking to support innovation and growth of low emission technologies, not only to support its own goals for Net Zero but to lead technical and economic development that can be exported to other regions of Brazil.
The UK left the world’s largest carbon market – the European Union Emissions Trading System (EU ETS) – at the end of 2020. But with the UK holding its first auction of allowances recently, should we starting to think about linking the smaller UK market to its larger and older European cousin?
Net Zero now means that UK industrial emitters have the same imperative to decarbonise as everyone else. If UK industry is to lead the green industrial revolution, Government will not only have to incentivise deep decarbonisation of industry, but also ensure that UK industrial competitiveness is not unduly impacted.
In its Sixth Carbon Budget report, the Climate Change Committee recommended full decarbonisation of the power sector (including phase-out of unabated gas-fired power) by 2035. Will our current market arrangements get us there cost-effectively, meeting the huge influx of electrified transport and heating that the targets imply (while maintaining little things, like the grid stability and security that we are so used to)? That is the urgent question facing policymakers.
The UK ETS currently encompasses electricity generation, but omits natural gas (and other fuels used for heating). If the scope of the UK ETS were expanded to cover buildings, specifically heating, we potentially introduce 27 million – mostly unwilling and uninterested – participants.
This blog, as part of the Rethinking Electricity Markets project, describes a framework methodology and metrics that can be used to estimate the full set of cost and benefits associated with a wide range of low/zero carbon technologies, including generation, storage, interconnection, demand reduction and demand response.
Achieving zero carbon electricity by 2035 (as recommend by the Climate Change Committee) will be key to decarbonising many other sectors, including road transport, buildings (i.e. heating), and industry. The UK Emissions Trading System combined with electricity decarbonisation policy mandates could be vital.
A new Energy Digitalisation Taskforce (EDiT) is being launched today by the Department for Business Energy and Industrial Strategy, is partnership with Ofgem and Innovate UK, to continue the Government’s focus on modernising the energy system to unlock flexibility and drive clean growth towards net zero emissions by 2050.
The Business, Energy and Industrial Strategy (BEIS) Committee was one of six select committees of the House of Commons (joining Environmental Audit; Housing, Communities and Local Government; Science and Technology; Transport; and Treasury) to support Climate Assembly UK, a citizens’ assembly on combatting climate change and achieving the pathway to net zero carbon emissions.
The UK wants to be a global leader in the fight against climate change, and it can take a massive step forward this year by increasing the ambition of the new UK Emissions Trading System.
This Housing, Communities and Local Government Committee inquiry examines if the Government’s proposals for establishing planning guidelines and building regulations to reduce the UK’s household emissions. It will examine if the current emphasis on heat pumps as a long-term solution to increase energy and ask if other options may prove more viable.