Latest Environment & Energy Publications
The UK Government’s commitment to quadruple offshore wind capacity by 2030 will transform Great Britain’s electricity system. However, it poses serious challenges for the electricity market. Market conditions during the summer lockdown showed that the Government needs to make reforms, otherwise costs will rise and customers won’t benefit from the falling cost of wind and solar.
The North Sea is strategically central to meeting the UK’s target of Net Zero emissions by 2050. By fully developing offshore wind, the North Sea could provide one-third of the UK’s energy needs, and this proportion will grow if low-carbon hydrogen and carbon capture, utilisation and storage (CCUS) are also fully developed.
Since the 1980s, UK and EU energy markets have become increasingly intertwined. Brexit doesn’t have to set back the development of a secure, affordable, low-carbon energy system in the UK and the EU, but new approaches to will be needed.
In this paper, Policy Exchange explores new models for UK-EU energy cooperation based on shared interests in competitive energy markets, robust carbon pricing, and the sharing of renewable energy resources across borders.
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New figures show that 2020 was the greenest year yet for the UK’s electricity supply, with nearly 60% of electricity produced by low-carbon sources. Offshore wind is now the driving force behind the UK’s greener grid, growing by around a quarter annually and already providing 17% of our electricity.
This week’s is a substantial document that moves the UK a step closer towards a Net Zero energy system. However, it’s clear that the White Paper is largely about ambition, which leaves a lot for the Government to do in 2021.
Reaching Net Zero requires more than just reducing emissions. To account for processes that will be exceptionally difficult to decarbonise completely (such as steel or cement making), we actually have to remove greenhouse gases from the atmosphere, thereby balancing out at ‘net’ zero.
‘Negative emissions’ technologies (NETs), also known as Greenhouse Gas Removal (GGR) technologies, allow us to do that. They remove greenhouse gases – usually carbon dioxide – from the atmosphere and they are needed to prevent the worst effects of climate change.
Latest Environment & Energy News
At the prestigious annual Prospect Think Tank of the Year Awards, Policy Exchange has won best UK think tank in the Energy and Environment category.
Farmers should be rewarded for land stewardship and public goods, and removing tariffs will increase consumer choice and keep prices down, helping the poorest most. That was the message Policy Exchange’s Economics Research Fellow Michael Taylor gave to the EFRA Select Committee when discussing Farming Tomorrow, our seminal report on opportunities for replacing the Common Agricultural Policy after Brexit.
Policy Exchange’s report on Small Modular Reactors featured in a Financial Times