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

Jun 28
With a new Govt a week today, thought it time to look at what Labour will need to prioritise to put its clean power mission into action. Think there are 9 big calls that will have to be made, not just in the first 100 days, but well beyond...1/10 🧵flint-global.com/blog/10-years-…
Big Call 1: Whether to sign off a set of major investment decisions that are already on the in-tray, across CCS, renewables and nuclear. Will be a tough early test of whether a new Govt is serious about the mission, but requires committing £bn's ahead of a full Spending Review.
Big Call 2: Getting the ball rolling on the blockers. Two obvious areas that swift action is possible. First, planning, both for onshore wind and making the current system work. Second, grid, where reforms already in train need to be strengthened. Should be no-regrets.
Read 11 tweets
May 31
With the creation of a publicly-owned energy company in the news and central to Labour's pitch to voters, have scribbled some thoughts on what GB Energy could look like in practice. No firm conclusions, but three 'models' for how it could take shape...
flint-global.com/blog/great-bri…
(1) State energy investment vehicle: Similar to what is already in place, targeting public cash at innovative and mature tech (and local projects). Perhaps most likely option based on what Labour has said, but would need to invest on a non-commercial basis to be truly additional.
(2) Publicly owned energy developer: More akin to the EDF's of this world, a GB Energy that is developing, constructing and even operating assets. Could have a greater impact in time, but would need to be designed carefully to avoid sense of unfair competition in the market.
Read 6 tweets
May 30
While the topic hasn’t got much attention thus far, the UK’s future approach to energy policy and tackling climate change will be shaped by how the country votes on 4th July. Some brief thoughts on the big debates / flashpoints to watch out for over the next 5 weeks…1/11 🧵
Plans not targets: Learning from Scotland, parties unlikely to set new specific, short-term targets. That’s fine, but instead there needs to be clear plans for closing the delivery gap out to 2030/35, including tackling big blockers (e.g., planning, financing, supply chain). 2/11 Image
The harder, easier bit: Inevitably main focus will be on power sector decarbonisation given it’s seen as politically safer. But even there, ambition on renewables isn’t enough, will be more interested on what is promised on transforming the grid given scale of ££ needed. 3/11 Image
Read 11 tweets
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

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