Latest Environment & Energy Publications
In 2021, the UK will host the G7 and COP26 and take a key part in other major summits, giving it a unique opportunity to lead the global diplomatic agenda. This report argues that he UK should use its position to drive a programme of green finance reforms that will enable a fundamental shift to a sustainable global economy.
The UK’s commitment to phase out new petrol and diesel cars and vans by 2030 was at the heart of the Prime Minister’s recent ‘Ten Point Plan for a Green Industrial Revolution’. This commitment reflects both sharp reductions in the cost of electric vehicles (EVs) and the urgent need to clean up the transport sector, which is now the UK’s largest source of greenhouse gas emissions.
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.
Latest Environment & Energy Blogs
Negative emissions are piquing the interest of the Government, as shown in its recent announcement of innovation funding for new negative emission technologies (NETs). However, policies based on grants and innovation funding are short-term options – they act as the spark to get the kindling going, but the fire requires continuous government support until the flame catches.
The Government’s post-Brexit “Better Regulation Committee” is reportedly looking at ways to improve on EU regulations.,Policy Exchange’s recent report, Post-Brexit freedoms and opportunities for the UK, is one contribution to that debate.Understandably, most of the focus has been on state aid, financial services and workers’ rights. One area that I think isn’t getting enough attention is energy markets.
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.
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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