Download or read book Energy and Climate Change Committee Scrutiny of Draft Energy Bill written by E3G. and published by . This book was released on with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Draft Energy Bill written by Great Britain: Parliament: House of Commons: Energy and Climate Change Committee and published by The Stationery Office. This book was released on 2012-07-23 with total page 90 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the biggest shake-up of the electricity market since privatisation, the Energy Bill will introduce a new system of long-term contracts to give power companies a guaranteed price for the low-carbon electricity they produce. This is intended to reduce the risk of investment in projects with high up-front capital costs, such as nuclear reactors and offshore wind farms. Initial consultation last year led investors to believe that the "Contracts for Difference" (CfD) would be guaranteed by the State - therefore lowering the cost of capital. But the Treasury has apparently intervened to ensure that the contracts are not government guaranteed. The new model for contracts will spread the liability across various energy companies instead; raising concerns that the plans are now too complex and possibly not legally enforceable. The MPs are calling on the Government to use its AAA-credit rating to underwrite the new contracts in order to keep the costs of energy investment down for consumers. The Committee heard that the spending cap set by the Treasury - which limits the green levies that can be passed on to consumers in energy bills - could introduce an "unacceptable" level of risk to companies who are looking to build new wind, solar, wave or tidal power plants, creating uncertainty amongst investors about which projects will receive support. This is already having an impact of investment decisions and could paradoxically push-up energy costs for consumers. The Committee says that the Government must come up with a stronger contract design before the Bill is expected to be introduced to Parliament in the autumn
Download or read book Draft Energy Bill written by Great Britain: Parliament: House of Commons: Energy and Climate Change Committee and published by The Stationery Office. This book was released on 2012-07-23 with total page 254 pages. Available in PDF, EPUB and Kindle. Book excerpt: Additional written evidence is contained in Volume 3, available on the Committee website at www.parliament.uk/ecc
Download or read book Government Response to the House of Commons Energy and Climate Change Select Committee Report Into the Draft Energy Bill written by Great Britain: Department of Energy and Climate Change and published by The Stationery Office. This book was released on 2012-11-29 with total page 36 pages. Available in PDF, EPUB and Kindle. Book excerpt: Response to HCP 275-I, session 2012-13 (ISBN 9780215047281). Dated November 2012
Download or read book The Government response to parliamentary scrutiny of the revised draft national policy statements for energy infrastructure written by Great Britain: Department of Energy and Climate Change and published by The Stationery Office. This book was released on 2011-06-23 with total page 56 pages. Available in PDF, EPUB and Kindle. Book excerpt: In November 2009 the previous Government published six draft energy NPSs and associated documents for public consultation and Parliamentary scrutiny. In the House of Commons, the previous Energy and Climate Change (ECC) Select Committee scrutinised the draft energy NPSs and published a report (HC 231-I, session 2009-10, ISBN 9780215545237) of itsfindings. This included a recommendation that the draft NPSs should be subject to a debate in the main chamber of the House of Commons. This debate took place on 1st December 2010 on the basis of revised draft NPSs and a number of issues were raised there. This is the Government response to the 18 recommendations made by the Energy and Climate Change Select Committee to the revised NPSs.
Download or read book Draft Climate Change Bill written by Great Britain: Parliament: Joint Committee on the Draft Climate Change Bill and published by The Stationery Office. This book was released on 2007-08-03 with total page 176 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Committee warmly welcome the introduction of the Climate Change Bill and find it heartening that the UK is taking a lead on this issue. The aim of the Bill is to reduce the net UK carbon account by at least 60% from the 1990 baseline by 2050, although this may not be enough; the Government have emphasised that this is a minimum target. However shipping and aviation are excluded from the carbon budgets and this could be a weakness. The Committee have concerns about the legal enforceability of targets and budgets and propose a system of annual milestones and a compliance mechanism. To recognise the importance of the Bill they think that the legal duty should be placed on the Prime Minister rather than then Secretary of State. The draft Bill is the first of what is likely to be a series of measures. In particular the Committee think that adaptation policies need to be addressed, along with the role of local government.
Download or read book Draft Climate Change Bill written by Great Britain. Department for Environment, Food & Rural Affairs and published by The Stationery Office. This book was released on 2007-03-13 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document contains a consultation document, the text of the draft Climate Change Bill, explanatory notes to the Bill, and a regulatory impact assessment, published for pre-legislative scrutiny and public consultation. The Bill will introduce a long-term framework for the UK to achieve its goals of reducing carbon dioxide emissions and adapting to the impacts of climate change. The consultation document discusses the context and rationale behind the Climate Change Bill and sets out the main reasons why legislation in this area is required. The key elements of the Bill are: (1) setting targets in statute and carbon budgeting, with a statutory goal of a 60 per cent reduction in carbon dioxide emissions through domestic and international action by 2050, based on a new system of "carbon budgets" set at least fifteen years ahead (with reviews at five yearly intervals), and with progress reported annually to Parliament; (2) establishing an independent Committee on Climate Change to advise the government on how to reduce carbon emissions over time and across the economy; (3) creating enabling powers to allow the introduction of new domestic emissions trading schemes through secondary legislation; (4) reporting requirements will enhance the overall transparency and accountability of UK action on climate change, with the Committee on Climate Change reporting annually to Parliament on progress towards budgets and targets, with the Government required to produce a response to this independent report. The consultation closes on 12 June 2007, and responses are invited using the electronic form that is available at http://www.defra.gov.uk/corporate/consult/climatechange-bill/ although any electronic / written format will be accepted. Responses should be sent to: E-mail: [email protected] or by post to: Patrick Erwin / James Hardy, Climate Change Legislation Team, Area 4/F5, Ashdown House, 123 Victoria Street, London SW1E 6DE.
Download or read book Draft Energy Bill written by Great Britain: Department of Energy and Climate Change and published by The Stationery Office. This book was released on 2012-05-22 with total page 310 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Government is committed to moving to a secure, safe, affordable and low-carbon energy system. This will mean achieving its climate change and renewables targets, including a 34 per cent reduction in CO2 emissions by 2020 (relative to 1990); at least an 80 per cent reduction by 2050; and by 2020 ensuring that 15 per cent of energy comes from renewable sources. This transition will require major investment in modern technologies: to renovate buildings; to provide for the electrification of much of our heating, industry and transport; and to move to cleaner power generation. It will also require major changes in the way energy is used by individuals, industry and the public sector. At the core of the Bill is the need to ensure that, as older power plants are taken offline and electricity demand continues to increase, the UK remains able to generate enough energy to meet its needs. The Energy Bill will: implement the electricity market reforms set out in the white paper 'Planning our electric future ... ' (Cm. 8099, ISBN 9780101809924); clarify the role of the regulator, Ofgem; establish an Office for Nuclear Regulation; make changes to the offshore transmission regulatory framework; and make provisions for the potential sale of Government Pipeline and Storage System. This document contains a description of the Bill's aims, the draft Bill and explanatory notes, together with a summary impact assessment.
Download or read book Taking forward the UK Climate Change Bill written by Great Britain: Department for Environment, Food and Rural Affairs and published by The Stationery Office. This book was released on 2007-10-29 with total page 156 pages. Available in PDF, EPUB and Kindle. Book excerpt: This document sets out the Government's response to the public consultation on the draft Climate Change Bill (Cm. 7040, ISBN 9780101704021) and to the reports of the following Parliamentary Committees during session 2006-07: the Joint Committee on the Draft Climate Change Bill (HLP 170-I/HCP 542-I, ISBN 9780104011379); the Environment, Food and Rural Affairs Committee (HCP 534-I, ISBN 9780215034892); and the Environmental Audit Committee (HCP 460, ISBN 9780215035561). The Climate Change Bill seeks to introduce a clear, credible and long-term framework to support emissions reductions in the UK, designed to maximise the social and economic benefits and minimise costs, and also sets out an international precedent, reinforcing the UK's position as a consistent leader in the field of climate change and energy policy. This document explains the main changes the Government intends to make to the Bill, taking into account the consultation responses and the recommendations of the three Parliamentary Committees, and key elements of the Bill include: putting into statute the UK's domestic targets to reduce carbon dioxide emissions through domestic and international action by at least 60 per cent by 2050, and 26 to 32 per cent by 2020, against a 1990 baseline; secondary legislation to set binding limits known as carbon budgets on aggregate carbon dioxide emissions over five year periods; and the creation of a new independent body, the Committee on Climate Change, to advise on setting carbon budgets.
Download or read book Draft Climate Change Bill written by Great Britain: Parliament: Joint Committee on the Draft Climate Change Bill and published by The Stationery Office. This book was released on 2007-08-22 with total page 428 pages. Available in PDF, EPUB and Kindle. Book excerpt: Vol. 1 of the report was published as HLP 170-I/HCP 542-I (ISBN 9780104011379)
Download or read book Memorandum to the Energy and Climate Change Committee written by Great Britain. Department of Energy and Climate Change and published by . This book was released on 2014 with total page 78 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Memorandum to the Energy and Climate Change Committee written by Great Britain. Department of Energy and Climate Change and published by . This book was released on 2015 with total page 22 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Building a Low carbon Economy written by Great Britain. Committee on Climate Change and published by The Stationery Office. This book was released on 2008 with total page 514 pages. Available in PDF, EPUB and Kindle. Book excerpt: Climate change resulting from CO2 and other greenhouse gas emissions poses a huge threat to human welfare. To contain that threat, the world needs to cut emissions by about 50 per cent by 2050, and to start cutting emissions now. A global agreement to take action is vital. A fair global deal will require the UK to cut emissions by at least 80 per cent below 1990 levels by 2050. In this report, the Committee on Climate Change explains why the UK should aim for an 80 per cent reduction by 2050 and how that is attainable, and then recommends the first three budgets that will define the path to 2022. But the path is attainable at manageable cost, and following it is essential if the UK is to play its fair part in avoiding the far higher costs of harmful climate change. Part 1 of the report addresses the 2050 target. The 80 per cent target should apply to the sum of all sectors of the UK economy, including international aviation and shipping. The costs to the UK from this level of emissions reduction can be made affordable - estimated at between 1-2 per cent of GDP in 2050. In part 2, the Committee sets out the first three carbon budgets covering the period 2008-22, and examines the feasible reductions possible in various sectors: decarbonising the power sector; energy use in buildings and industry; reducing domestic transport emissions; reducing emissions of non-CO2 greenhouse gases; economy wide emissions reductions to meet budgets. The third part of the report examines wider economic and social impacts from budgets including competitiveness, fuel poverty, security of supply, and differences in circumstances between the regions of the UK.
Download or read book Pre legislative Scrutiny of the Government s Draft Legislation on Energy written by Great Britain. Parliament. House of Commons. Energy and Climate Change Committee and published by . This book was released on 2016 with total page 11 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Pre legislative Scrutiny of the Government s Draft Legislation on Energy written by and published by . This book was released on 2016 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Evolution of Global Electricity Markets written by Fereidoon Sioshansi and published by Academic Press. This book was released on 2013-06-10 with total page 867 pages. Available in PDF, EPUB and Kindle. Book excerpt: Get the latest on rapidly evolving global electricity markets direct from the scholars andthought leaders who are shaping reform. In this volume, dozens of world-class expertsfrom diverse regions provide a comprehensive assessment of the relevant issues intoday's electricity markets. Amid a seething backdrop of rising energy prices, concerns about environmentaldegradation, and the introduction of distributed sources and smart grids, increasinglystringent demands are being placed on the electric power sector to provide a morereliable, efficient delivery infrastructure, and more rational, cost-reflective prices. Thisbook maps out the electric industry's new paradigms, challenges and approaches,providing invaluable global perspective on this host of new and pressing issues beinginvestigated by research institutions worldwide. Companies engaged in the powersector's extensive value chain including utilities, generation, transmission & distributioncompanies, retailers, suppliers, regulators, market designers, and the investment &financial rating community will benefit from gaining a more nuanced understanding ofthe impacts of key market design and restructuring choices. How can problems beavoided? Why do some restructured markets appear to function better than others?Which technological implementations represent the best investments? Whichregulatory mechanisms will best support these new technologies? What lessons canbe learned from experiences in Norway, Australia, Texas, or the U.K.? Thesequestions and many more are undertaken by the brightest minds in the industry in thisone comprehensive, cutting-edge resource. - Features a unique global perspective from more than 40 recognized experts and scholars around the world, offering opportunities to compare and contrast a wide range of market structures - Analyzes how the implementation of existing and developing market designs impacts real-world issues such as pricing and reliability - Explains the latest thinking on timely issues such as current market reform proposals, restructuring, liberalization, privatization, capacity and energy markets, distributed and renewable energy integration, competitive generation and retail markets, and disaggregated vs. vertically integrated systems
Download or read book Autumn Statement 2012 written by Great Britain: Parliament: House of Commons: Environmental Audit Committee and published by The Stationery Office. This book was released on 2012-11-20 with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt: A Treasury led 'dash for gas' could make the UK's carbon targets under the Climate Change Act unachievable. The Committee is calling on the Government to restore investor confidence in the future direction of energy policy by setting a clear decarbonisation objective in the forthcoming Energy Bill to clean up the power sector by 2030. Ongoing policy uncertainty could mean that the UK loses out on millions of pounds of green investment. Global competition for green growth is fierce and the UK is competing with other countries to secure renewables investment. The Committee heard a variety of suggestions to boost take-up of energy efficiency measures in its inquiry on the Autumn Statement and received suggestions for new environmental taxes that could be implemented to help deliver the Coalition Agreement commitment to increase the proportion of tax revenues accounted for by environmental taxes
