Significant announcements from HMG today on industrial decarbonisation and cutting emissions from the public sector. Press notice seems to be out before the document, but some early thoughts… (1/)
The good: £1bn for public sector energy efficiency / low carbon heating is positive –public sector has to lead if business is to follow. Funding for industrial projects starts to put flesh on bones of “green industrial revolution” (but doesn’t look like new money). (2/)
The less good: HMG funding for net zero industry is important, but long-term business models are what really matters. Looks like the strategy will be light on detail on carbon pricing, competitiveness, decarbonising steel etc. More a set of ambitions than a plan. (3/)
The mysterious (1): Energy White Paper committed to 10Mt of CO2 captured by 2030. Announcements today commit to 3Mt. Where are the other 7Mt coming from? (4/)
https://twitter.com/adamvaughan_uk/status/1372076483338993666
The mysterious (2): will be interesting to see if the strategy signals how these ambitions will be reflected in UK ETS, and if any clarity on policy on carbon border adjustments. (5/)
Interesting that government is leaning in to the CCC recommendation to decarbonise steelmaking by 2035 – potentially relevant to decision on Cumbria coalmine (as if steel is to be zero emissions by 2035, looks likely to further weaken case for approving new coal). (6/)
And finally, good to see the promised pre-COP strategies starting to emerge – congrats to my ex-colleagues at BEIS for getting it out… (/ends)
• • •
Missing some Tweet in this thread? You can try to
force a refresh
