They said this would help the UK Infrastructure Bank, which will launch in the Spring and operate UK-wide, unlock billions more in private finance to support £40 billion of infrastructure investment that will fire up the economy and help achieve the UK’s commitments on net zero and levelling up. It will also play a key…
The recently powered-up IFA-2 is the product of a £700 million shared investment between the National Grid and the French power firm Réseau de Transport d’Électricité (RTE). IFA-2 physically connects the UK and France’s electricity systems, giving Britain access to France’s nuclear and renewable energy and vice versa. With a 1 gigawatt (GW) capacity and as the UK’s sixth operational…
Now that the UK has formally exited the transition period for leaving the EU, policy makers must contend with not only a pandemic, but the UK’s strategy for sourcing energy sustainably in the coming decades. Previous governments had the luxury of North Sea oil and gas, but now governments of the future must face up…
As the UK takes its first steps away from the EU, there are still plenty of open questions about how it will align with Europe on climate policy, and in particular, with the EU’s flagship emissions trading scheme (ETS). On 31 December, the UK left the EU ETS, which obliges big industries and airlines running…
The UK and EU wrapped up 2020 by securing an eleventh-hour agreement on a trade deal. As 2021 gets underway, there are a number of areas where the impact of Brexit will have to be closely watched. There were huge concerns about whether the UK would start the new year under the blanket of a…
The UK-EU Trade and Cooperation Agreement (TCA) regulates the trade in electricity and gas between the EU and the UK over interconnectors, provides for cooperation in respect of security of supply, the integration of renewables into their respective markets and cooperation to develop hybrid projects that combine interconnectors and offshore windfarms in the North Sea…