Latest Environment & Energy Publications
A economy-wide carbon tax paid by both domestic and international producers would prevent carbon leakage, level the playing field for Britain’s heavy industry, fund a dividend to be paid to taxpayers and tackle climate change, argues the new report from Policy Exchange’s influential Energy unit, The Future of Carbon Pricing: Implementing an independent carbon tax with dividends in the UK. A better approach would reduce the cost of decarbonisation, prevent the offshoring of emissions and make carbon pricing popular.
Small modular nuclear reactors could be a crucial technology in the drive to decarbonise our energy system, according to Small Modular Reactors: The next big thing in energy? The increased take-up of electric vehicles, the general electrification of our energy system and the need to decarbonise all sectors of our economy mean we need new low carbon sources of electricity and heat to replace existing capacity and meet rising future demands. We need a reliable and affordable low-carbon form of energy – small modular reactors have the potential to be that technology.
This major new Policy Exchange report sets out the once in a generation opportunity that Brexit offers our nation to reform its agricultural and environmental policy. Since 1973, UK farm and food policies have conformed to the rules and objectives of the Common Agricultural Policy (CAP) — the EU’s principal policy programme. Doing so has, at great expense, reduced Britain’s agricultural productivity by lessening competition and supporting inefficient farmers. It has also increased costs for consumers. This report outlines opportunities to improve policy by focusing on four main interest groups: consumers, producers, the wider rural economy, and the environment. This report offers timely and comprehensive analysis and answers to some of the most pressing policy questions of our day.
Latest Environment & Energy Blogs
It is welcome news that UK Government has dismissed reports that it was considering a scrappage scheme for petrol and diesel cars as a short-term economic stimulus measure. In a typical scrappage scheme, the government would pay car owners to scrap their current vehicle in return for credit against a new one, thereby stimulating the manufacturing sector. However, scrappage schemes are generally not a desirable policy, because they tend to be an inefficient use of public funds, work against the grain of transport decarbonisation, and send mixed price signals alongside Electric Vehicle subsidies.
The Coronavirus has challenged all sectors of the UK economy, and electricity markets have been no exception. Electricity demand is down by as much as 20%, causing periods of negative electricity prices and unprecedented strain on the Electricity System Operator (ESO), run by National Grid. The ESO is responsible for ensuring that the system can respond to lightning strikes and faults at power stations, and that power lines don’t become overloaded. To do this, the ESO takes “balancing actions”, paying to turn down some generators and paying to turn up others.
Related Content Net Zero will face a backlash if it doesn't attain a proper mandate - this election must give it one, argues Benedict McAleenan from Policy Exchange This article was originally published at BusinessGreen.com Whether its 'Essex man', 'Mondeo man' or...
Latest Environment & Energy News
In a major new report by Policy Exchange, the case is set out that the Government must take more action now to tackle the twin problems of greenhouse gas emissions and air pollution from road transport. There has been a lot of media coverage of the report, see here for a selection.
Richard Howard, Policy Exchange’s Head of Environment and Energy, discusses energy price rises and his recommendations for a relative model rather an absolute cap on energy prices, on BBC Radio 4’s You and Yours
The Financial Times has referenced Policy Exchange’s report ’Going Round in Circles: Developing a new approach to waste policy following Brexit’ in an article entitled ‘Recycling industry looks to claw best from Brexit’