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Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee Publisher: The Stationery Office ISBN: 9780215052230 Category : Business & Economics Languages : en Pages : 114
Book Description
The Environmental Audit Committee believes the Government's £250 million compensation scheme to help energy intensive companies with the cost of carbon must be tightened up to avoid over-compensating large companies already profiting from the over allocation of EU Emissions Trading System allowances. The Committee scrutinised the Government's proposal for a compensation scheme to help offset some of the future electricity price rises that energy intensive industries will face as a result of the EU Emissions Trading System and the Government's Carbon Price Floor. Across Europe a large surplus of emission allowances in the EU Emissions Trading System worth 4.1 billion Euros had been accrued by large industrial companies as a result of pre-recession overly optimistic forecasts of growth and fierce lobbying by heavy industry. Sales of these allowances had already raised 1.8 billion Euros for these companies. In the UK, the Government's proposed rules do not take the value of these excess allowances into account when calculating compensation. The Committee also calls for an energy intensive industries strategy, as part of a wider UK manufacturing strategy, to set out a path for their maximum feasible decarbonisation and help guide and support companies to reduce their dependence on fossil fuels. Such a strategy should identify by how much these industries can feasibly decarbonise and improve their energy efficiency and how the Government will help to ensure that this is achieved, including through energy consumption reduction measures and incentives, and support for innovation, technological research, development and investment.
Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee Publisher: The Stationery Office ISBN: 9780215052230 Category : Business & Economics Languages : en Pages : 114
Book Description
The Environmental Audit Committee believes the Government's £250 million compensation scheme to help energy intensive companies with the cost of carbon must be tightened up to avoid over-compensating large companies already profiting from the over allocation of EU Emissions Trading System allowances. The Committee scrutinised the Government's proposal for a compensation scheme to help offset some of the future electricity price rises that energy intensive industries will face as a result of the EU Emissions Trading System and the Government's Carbon Price Floor. Across Europe a large surplus of emission allowances in the EU Emissions Trading System worth 4.1 billion Euros had been accrued by large industrial companies as a result of pre-recession overly optimistic forecasts of growth and fierce lobbying by heavy industry. Sales of these allowances had already raised 1.8 billion Euros for these companies. In the UK, the Government's proposed rules do not take the value of these excess allowances into account when calculating compensation. The Committee also calls for an energy intensive industries strategy, as part of a wider UK manufacturing strategy, to set out a path for their maximum feasible decarbonisation and help guide and support companies to reduce their dependence on fossil fuels. Such a strategy should identify by how much these industries can feasibly decarbonise and improve their energy efficiency and how the Government will help to ensure that this is achieved, including through energy consumption reduction measures and incentives, and support for innovation, technological research, development and investment.
Author: Great Britain: H.M. Treasury Publisher: The Stationery Office ISBN: 9780102988116 Category : Business & Economics Languages : en Pages : 136
Book Description
Budget 2013 (HC 1033) announces further detail on the Government's deficit reduction plans, new steps to ensure monetary policy continues to support the economy with a new remit for the Monetary Policy Committee (MPC), and further measures to ease the long-term pressure on the public finances. Central Government departmental expenditure limits will be reduced by 1.1 billion in 2013-14 and by 1.2 billion in 2014-15, with the funds used to support housing. Schools and health budgets will remain unchanged; and public sector pay awards will be limited to an average of 1%. Budget 2013 is fiscally neutral - action to promote growth includes: (i) a reduction in corporation tax by 1% in April 2015; (ii) a 2000 employment allowance per year from April 2014 designed particularly to help charities and small businesses with employer's National Insurance contributions, (iii) a capital spending increase of 3 bi
Author: Great Britain: Department of Energy and Climate Change Publisher: The Stationery Office ISBN: 9780101873222 Category : Business & Economics Languages : en Pages : 52
Book Description
The Annual Energy Statement 2013 sets out the government's priorities in delivering the UK's energy policies in the near term: helping households and businesses take control of their energy bills and keep their costs down; unlocking investment in the UK's infrastructure that will support economic growth; playing a leading role in efforts to secure international action to reduce greenhouse gas emissions and tackle climate change. It presents plans to make switching simpler and quicker, and a new probe into energy firms' accounts, to make them more transparent on profits and prices, as well as increasing penalties for market manipulation and regularly checking that the market is working properly
Author: Manfred Binder Publisher: Springer Science & Business Media ISBN: 3662044196 Category : Business & Economics Languages : en Pages : 458
Book Description
Starting from this dematerialization hypothesis, for the first time comparative case-studies analyse in detail the driving forces of industrial restructuring of different industries and countries in Europe where such a decline has been observed at least temporarily.
Author: Chris Skidmore Publisher: Biteback Publishing ISBN: 1785908480 Category : Political Science Languages : en Pages : 437
Book Description
Mission Zero is a landmark independent report into the delivery of the UK's commitment to net zero carbon dioxide emissions by 2050. Chaired by Chris Skidmore, the UK's former Energy Minister who was responsible for signing net zero into law, its conclusions set out, for the very first time, a new economic narrative for climate policy, demonstrating the vast financial opportunity that net zero can deliver. This timely and crucial report acts as a template for how all countries can map out future challenges and opportunities and, above all, deliver their own pathway to net zero while also creating new jobs, industries and investment for the future. Commissioned by the UK's Prime Minister in September 2022, Mission Zero is the largest engagement exercise on net zero conducted to date and has been widely recognised as the most informative and detailed document on the topic, covering every sector and aspect of society. This important book is a vital piece of work and an indispensable must-read for anyone interested in energy, climate and sustainability policy.
Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee Publisher: The Stationery Office ISBN: 9780215062475 Category : Science Languages : en Pages : 160
Book Description
The UK's existing carbon budgets represent the minimum level of emissions reduction required to avoid a global 2 degrees temperature rise - regarded as a dangerous threshold - and the UK's leading climate scientists do not believe loosening the budgets is warranted. The current (2008-2012) and second (2013-2017) carbon budgets will be easily met because of the recession. But the UK is not on track to meet the third (2018-22) and fourth budgets (2023-2027), because not enough progress is being made in decarbonising transport, buildings and heat production. The Government's Carbon Plan - which set milestones for five key Government Departments to cut carbon - is out of date without any quarterly progress reports published yet. The Green Deal has also had low take-up rates so far. The Government should set a 2030 decarbonisation target for the power sector now, rather than in 2016 as the Energy Bill sets out. The Government should also reconsider placing a statutory duty on local authorities to produce low-carbon plans for their area. The current low-carbon price in the EU ETS - the result of the economic downturn of recent years and over-allocation of emissions permits - also means that that scheme will not deliver the emissions reductions envisaged when the fourth carbon budget was set. Without any tightening of the EU ETS increased pressure will therefore be placed on the non-traded sector, which will have to produce further emissions reductions to cover the emerging gap left by the traded sector
Author: OECD Publisher: OECD Publishing ISBN: 9264722386 Category : Languages : en Pages : 357
Book Description
This report presents a comprehensive assessment of the policy instruments adopted by the Netherlands to reach carbon neutrality in its manufacturing sector by 2050. The analysis illustrates the strength of combining a strong commitment to raising carbon prices with ambitious technology support, uncovers the pervasiveness of competitiveness provisions, and highlights the trade-off between short-term emissions cuts and longer-term technology shift.
Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee Publisher: The Stationery Office ISBN: 9780215064714 Category : Business & Economics Languages : en Pages : 186
Book Description
The Government is shifting the goal-posts on fuel poverty so that official statistics record far fewer households as fuel-poor. The changes to the fuel poverty definition and target, in part being made through amendments to the Energy Bill, should be stopped unless the Government is prepared to make a public commitment to end fuel poverty altogether. A short-term bid to cut bills must not throw energy and climate change policy off-course. In the longer term green levies could actually keep bills down if they drive energy efficiency improvements that cut the cost of heating our homes. Insulating homes and supporting green technologies is vital to help the fuel poor and cut the emissions causing climate change. At the Rio+20 Summit and the G20, the Government committed itself to phasing out fossil fuel subsidies that encourage wasteful consumption and contribute to greenhouse gas emissions. The Government must set a target to reduce subsidies to harmful fossil fuels. The Government should also use the Autumn Statement as an opportunity to provide a clear and comprehensive analysis of energy subsidies in the UK. The report also looks at whether Government support for the new nuclear power station at Hinkley Point constitutes a subsidy and concludes that it does, despite the Government's assurance otherwise. The Government's policy of 'no public subsidy for new nuclear' requires it to provide only 'similar' support to that provided to other types of energy, but even on that basis the deal for Hinkley Point C is 'dissimilar', notably on support for decommissioning and waste.
Author: Great Britain: Department of Energy and Climate Change Publisher: The Stationery Office ISBN: 9780101845625 Category : Business & Economics Languages : en Pages : 52
Book Description
This year's Annual energy statement sets out the progress the Government has made, how the Government is implementing its energy and climate change strategy and how the UK will develop its approach further. Publishing simultaneously is Electricity demand reduction consultation document (Cm. 8468, ISBN 9780101846820); Electricity demand reduction consultation summary document (Cm. 8492, ISBN 9780101849227); Electricity market reform policy overview (Cm. 8498, ISBN 9780101849821); Energy security strategy (Cm 8466, ISBN 9780101846622); and Statutory security of supply report (HC 688, session 2012-13 ISBN 9780102980691)
Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee
Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee
Author: Great Britain: H.M. Treasury
Author: Great Britain: Department of Energy and Climate Change
Author: Manfred Binder
Author: Chris Skidmore
Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee
Author: OECD
Author: 
Author: Great Britain: Parliament: House of Commons: Environmental Audit Committee
Author: Great Britain: Department of Energy and Climate Change