Josh Buckland Profile picture
Sep 21, 2020 4 tweets 2 min read Read on X
Really useful report from @zeroc_official on the need for a more comprehensive approach to carbon pricing to achieve net zero. Some controversial bits, but helps to move the debate forward in a critical year as UK sets new approach to carbon pricing post-Brexit. Three key bits:
(1) Approach to carbon pricing too patchy (a point well made by (@EnergySysCat), with the cost varying hugely across (and within) different sectors. Govt should commit to an overall price target and work out how best to deliver it in each sector. Image
(2) Governance is key to ensure that businesses and individuals have confidence to invest in low-carbon solutions. Should be a mixture of contractual and legislative constraints that ensure lock-in politically and commercially. Image
Given carbon pricing will become even more of a money spinner as prices rise (EU ETS already generates £300m a year for the taxpayer) Govt should plan now to use the revenue to deliver a fairer transition. Expect that to be a key theme in HM Treasury's net zero costs review. Image

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More from @jbuckland13

Jan 13, 2023
Some initial reflections on the @CSkidmoreUK Net Zero Review. At 340 pages and with 129 recommendations there is a lot to crunch through…
gov.uk/government/new…
(1) Ambition is not enough: Clear headline finding is that targets and promises are one thing, but consumers and businesses need certainty on the policy pathway, especially this decade. Detailed, granular plans are needed fast.
(2) UK is not an island: The rest of the world are also in the “net zero race” and there is no time to lose. The actions we take (incl on tax) impact the attractiveness of the UK as a green leader and need to listen to those deploying green capital.
Read 7 tweets
May 11, 2022
Coming to this late after a few days off, but hugely excited to see the Energy Bill in the Queen's Speech. I can attest to the tireless years officials have spent trying to get this over political hurdle for inclusion and the day has finally arrived. A great deal to like...
On the big infrastructure side, will finally create the frameworks needed to accelerate investment in CCUS and hydrogen - both critical for net zero power system by 2035. Will also create a clearer long-term framework for network build and help sort the energy institutional mess.
The Bill will also start to deal with the little but harder things - greening our homes. Important measures to establish a better framework for low-carbon heat and mainstream heat networks. Near-term price protection for consumers also key to retaining support as costs rise.
Read 4 tweets
Apr 4, 2022
🧵Looks like we will finally see the long-promised UK Energy Strategy this week. Lots has been written on what technologies Govt will commit to, but five key things I am looking for beyond the headlines...
(1) Delivery, not targets: Easy to set GW targets, but vital that Govt outlines how it will actually deliver them on the ground. Commitment to a detailed planning and consenting review critical, as well as clarity on network delivery that is so vital for offshore wind and CCS.
(2) Demand, demand, demand: As well a boosting homegrown energy supply, must offer support to help reduce gas demand as a swifter option to reduce Russian reliance. Household energy efficiency obvious option, as well as support for industrials struggling with high bills.
Read 7 tweets
Jul 28, 2021
(1/7) Excited to launch my 🌿'Green Money' 🌿report with @WeAreBrightBlue proposing a comprehensive reform of carbon taxes to hit net zero emissions. Alongside other measures to drive investment and support consumers carbon pricing is critical, but...
brightblue.org.uk/new-carbon-tax…
(2/7)...as highlighted by the team at @EnergySysCat, the UK's current approach to pricing carbon is piecemeal, with significant inconsistencies across different sectors, weakening the case for adopting green technologies. Also...
(3/7)...the current approach is grossly unequal, with many of those on low incomes spending the highest proportion of their income on carbon taxes. This is regressive and rightly weakens public and public support fo cutting emissions. Major reform is needed...
Read 7 tweets
Mar 16, 2021
An interesting document out from Govt on public attitudes to net zero. Not detailed polling, but in-depth conversations about what people really think about the transition. Three useful bits to reflect on...
gov.uk/government/pub…
People get what net zero is (more or less) and believe something should be done about it. Expectation that Govt needs to take a lead and political consensus is key. Idea that environmental issues are of niche interest is for the birds...
People do want to take action themselves to cut their carbon footprint. Challenge is that when asked, the options chosen are those that require less behavioural change (recycle more, drive less). There is less interest in the difficult steps, like switching out a gas boiler.
Read 5 tweets
Dec 20, 2020
THREAD: Just catching up on the Treasury's Net Zero review. Vitally important report that fires the starting gun on developing a fair and equitable climate transition. Only an interim report, but a few interesting points to reflect on...
gov.uk/government/new…
(1/5) No longer business as usual: Report makes clear that net zero will mean real changes to how we live, work and get around. Obvious, but language is far stronger than in previous documents from Treasury. Important honesty that will help justify more radical policy to come.
(2/5) Opportunities abound, but so do costs: In similar vein to PM's 10-point green plan, focus on economic upside, incl. green jobs. In truth, overall macroeconomic impact likely to be limited to 2050, but costs highly uncertain so no point giving a fixed overall figure yet.
Read 7 tweets

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