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The government has been urged to make a decision on whether it will support Centrica’s plans to repurpose its Rough gas storage facility to store hydrogen. The House of Lords science and technology committee says a decision on Centrica’s plans for Rough is needed by the end of the year. It is one a series of recommendations that the committee makes within its report on long-duration energy storage, which labels the government’s lack of a clear plan as “distressing”.
11 months ago
12 months ago
1 year ago
Energy UK has called on the government to “press ahead” with linking the UK Emissions Trading Scheme (ETS) to its European Counterpart to drive up the carbon price, increasing revenues and avoiding huge export taxes for UK businesses. It comes as analysis by the trade association has revealed that between April and the beginning of October this year, the UK ETS raised over £1bn less for the Treasury than if prices had remained at 2022/23 levels.
The government has resisted pressure to step up the pace of targets for rolling out carbon capture power plants. The UK has already set a target that as much as 10GW of power plants fitted with CCUS (carbon capture, use and storage) technology could be required by 2035 in order to meet emissions target reductions for the sixth carbon budget, which covers 2033 to 2037. A response to a consultation on a proposed future policy framework for delivering power CCUS, which concluded in October last year, says a number of respondents suggested this level would be the minimum needed.
2 years ago
Not a single person in the supply chain believes UK net zero targets will be achieved. That is the damning conclusion of the Energy Industries Council’s (EIC) annual Survive & Thrive report into global energy supply chains. Based on the views of 96 supply chain bosses, the EIC report concludes that “widespread delays in project funding strongly signposts that the UK is not going to meet its legally binding 2050 net zero target, and neither will Scotland meet its 2045 target”.
Concerns have been raised about the amount of work that the government has pledged to do in relation to energy security and net zero. Following last week’s splurge of ‘Green Day’ announcements, industry figures have told Utility Week that they are sceptical that all the work promised will be carried out on time.
