THREAD: Given the Prime Minister will shortly publish his long-awaited 10-point green plan, I thought I would set out what I would have recommended he did if I was still in No10. Lots no doubt missing, but hopefully ambitious, while still being politically possible.
#1 Net Zero power supplies: Given importance of electrification, set a bold date to completely decarbonise (more or less) electricity. Could be 2040, or even earlier. Should also set out 10-year ‘Acceleration Plan’ for bringing forward non-commercial tech (e.g., floating wind).
#2 Redo the wiring: Given need to decarbonise the whole economy, need to stop thinking fuel by fuel. Create an independent ‘Net Zero Energy Agency’ that identifies what is required, then uses power of markets to deliver it, while also bringing forward strategic tech (e.g. CCUS).
#3 Rollout what is ready: To make rapid progress and create green jobs, set a target for reducing individual carbon footprints by 2030 through deployable tech (e.g. electric heat and energy efficiency). Use regulatory measures (e.g. phase out boilers) and targeted public support.
#4 Agree who pays: Commit not to increase burden of decarbonisation costs on elec bills to boost electrification. Set out a ‘Net Zero Financing Framework’ with models to unlock private capital in key tech (CCUS, nuclear) and outline where taxpayer’s will need to fill the gap.
#5 Use the power of the price: To spur innovation so people cut their carbon footprint (e.g. smart car charging), implement short-run price signals at a local level. Will accelerate creation of local energy markets, boost digitisation, open up data and help grid manage peaks.
#6 Price that carbon: It’s not a silver bullet, but carbon pricing will help deliver net zero. Start by scrapping arbitrary non-carbon charges (e.g. fuel duty), implement a range of carbon ones to replace and set economy-wide 2030 target price, ideally aligned internationally.
#7 Build a UK EV powerhouse: Vital to bring forward ICE phase out date, but also need to support transition. Should include more investment in strategic charging infrastructure, measures to help manufactures adapt (e.g. ZEV credits) and prioritising a UK gigafactory.
#8 Test what works: Before we make big bets on uncertain tech (e.g. hydrogen and GGRs), implement major trials to test the case. Could be delivered by the networks through enhancing strategic R&D spend, opening up what suppliers can trial and testing at key industrial sites.
#9 Create a green and pleasant land: Galvanise public support by delivering a decade of natural renewal targeted at climate change. Could include a legislative target for afforestation, a new UK ‘COP26 Forest’ and a more robust market for nature-based carbon offsets.
#10: A Net Zero Government: Create a high-powered ‘Net-Zero Unit’ that is properly resourced (incl. analysts), reports into a powerful Minister and can negotiate directly with HM Treasury. Should also reform Green Book to value economic and jobs benefits of regional green spend.

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More from @jbuckland13

17 Nov
THREAD (1/7) Quick take on 10 point green plan: Serious set of net zero commitments that show PM wants to make his record on green jobs central to the Tory platform at the next election. Further detail will be needed on delivery, but this is an important step-forward on net zero. Image
(2/7): Ambitious targets for key tech fits the way PM operates (e.g. mass testing) – set a demanding goal that will require huge changes to deliver. Clear that this approach can work (offshore wind). 2030 commitment to phase out ICE vehicles was unthinkable just a few years ago.
(3/7): To support new deployment targets, PM has announced significant new public funding in a number of areas to drive forward more rapid progress (CCUS, hydrogen, batteries). While some will argue the ££ isn’t enough, its a serious down payment when fiscal backdrop v tough.
Read 7 tweets
21 Sep
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
Read 4 tweets
29 Jun
Great report out today on my favourite subject - carbon pricing. Led by the excellent @racheljanetwolf. It's ambitious to say the least, but in a politically charged area we need the boldness to inch towards a coherent regime that drives investment. 3 things jumped out to me...
1: The mixed signals in the power sector need to be fixed. The UK ETS won't quite do it, but there is finally an opportunity to create a more definable (and investable) single price. The idea to utilise it to help cut subsidy costs is a good one.
2. The idea of biting the bullet on pricing domestic gas is clearly becoming more mainstream which is good news. My only point of caution would be on timeframe. Surely better to implement low at first, then increase as low-carbon heat alternatives fall in cost?
Read 4 tweets
3 Jun
Given today's focus on #Treasury delivering a #GreenRecovery, here's a short thread on the 5 things I would be advising the Chancellor to do if I was still there. As an ex-Treasury official there will be too few ££s for some, but hopefully still ambitious.
thetimes.co.uk/edition/news/c…
#1 Dig what’s shovel ready: Target precious public funds at the things that will actually spark economic activity now. Focus should be on immediately deployable technologies, like energy efficiency measures, heat-pumps and EVs (not a diesel scrappage scheme).
#2 Try before you buy: In areas where strategic case not settled, announce series of large-scale pilots in regions where economic activity is most impacted by pandemic. Major hydrogen trials and industrial decarbonisation in key clusters are low-regret and politically attractive.
Read 6 tweets
1 Jun
Just catching up with @beisgovuk future UK carbon pricing document. A few brief thoughts on an approach which while not quite ground-breaking at this stage, could yet set the gold standard on carbon pricing internationally ahead of #COP26. (1/7)
gov.uk/government/new…
The name of the game is getting a scheme up and running as soon as possible. Design is as close to EU ETS as its defendable to ensure transition is smooth for businesses. Will be unpopular with some who see it as a missed opportunity. (2/7)
Still significant implementation challenges in getting the scheme going by end of year, meaning the option of a carbon tax is left open. But language is now clearly in favour of UK ETS, with tax as last resort. Good news. (3/7)
Read 7 tweets

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